LONDON & EAST AURORA, N.Y.--(BUSINESS WIRE)--Jun 29, 2026--
Vertical Aerospace ("Vertical" or the "Company") (NYSE: EVTL), a global aerospace and technology company that is pioneering electric aviation, today announced a long-term agreement with Astronics Corporation (NASDAQ: ATRO), a leading provider of advanced technologies for the global aerospace, defense and other mission critical industries, to supply the low-voltage ("LV") power distribution system for Vertical's Valo electric vertical take-off and landing (eVTOL) aircraft.
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Under the agreement, Astronics will provide the aircraft's LV power distribution system, including power conversion and distribution hardware that manages and protects electrical power for critical aircraft systems. The system converts high-voltage electrical power from the aircraft's propulsion architecture into low-voltage power used by avionics, flight controls and other essential onboard systems.
Astronics has supported Vertical throughout the prototype phase of aircraft development, with its hardware already integrated into Vertical's piloted flight test aircraft. The company's purpose-built eVTOL electrical power solutions and extensive aerospace experience make it the ideal supplier for Valo as Vertical advances toward certification and commercial production.
This agreement further strengthens Vertical's supplier ecosystem across Valo’s key aircraft systems, including leading suppliers such as Honeywell (flight control and aircraft management systems), Aciturri (airframe structures), Evolito (electric propulsion units), Hyundai WIA (landing gear), Syensqo (composite materials) and Isoclima (transparencies).
Stuart Simpson, CEO of Vertical Aerospace, said:
"Building a certifiable aircraft requires not only breakthrough technology, but also a world-class supplier ecosystem. Astronics brings deep expertise in aircraft electrical power systems and has already demonstrated its capabilities through our flight test programme. This agreement is another important step as we mature Valo's design, strengthen our supply chain and advance toward certification and commercial production."
Jon Neal, President of Astronics Advanced Electronic Systems, said:
"Astronics is proud to be working with Vertical Aerospace as the supplier of their power distribution system for the Valo aircraft. Our CorePower® system is purpose-built for eVTOL applications, combining high-voltage power conversion with low-voltage power distribution delivering reliable, fault-protected power to flight-critical systems including avionics, flight controls, and navigation. CorePower was designed from the ground up to meet aerospace certification standards, giving our customers a lightweight, compact solution that reduces integration risk and supports their path to type certification. We look forward to continuing our close collaboration with the Vertical team through CDR and Valo's entry into service.”
The announcement follows continued progress on the Valo programme as Vertical advances toward Critical Design Review (CDR), establishing the certifiable design baseline for the aircraft ahead of certification-conforming aircraft production and testing.
About Astronics Corporation
Astronics Corporation (Nasdaq: ATRO) serves the world’s aerospace, defense, and other mission critical industries with proven, innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, militaries, completion centers and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets. For more information on Astronics and its solutions, visit Astronics.com.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical's experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding a long-term supply agreement with Astronics to supply the low-voltage power distribution system for Valo, the design and manufacture of our aircraft and the hybrid-electric variant, certification and the commercialization of our aircraft and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, the features and capabilities of the aircraft, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Vertical Aerospace has selected Astronics as low-voltage power distribution supplier for Valo
LOS ANGELES (AP) — Teyana Taylor fought back tears Sunday after an emotional surprise at the BET Awards:Janet Jackson walked onto the stage to present Taylor with the Icon of the Year Award.
Taylor, visibly stunned as Jackson received a standing ovation at Los Angeles' Peacock Theater, embraced the music legend before thanking one of her biggest inspirations.
“They did not tell me Janet was coming,” Taylor said through tears. “There will be no me without you.”
Presenting the award, Jackson praised Taylor’s relentless work ethic and artistic range, highlighting her Golden Globe win for best supporting actress in “One Battle After Another” and calling her gifts “God-given.”
The Icon of the Year Award recognizes a creative force whose influence is shaping culture. Taylor has evolved from a multiplatinum recording artist into an award-winning actor, director, producer and choreographer.
Accepting the honor, Taylor reflected on her two-decade career.
“I worked my (expletives) off 20 years,” she said. “So I’m not accepting what I’ve earned with arrogance. I’m accepting what I’ve earned with gratitude.”
The BET Awards paused to honor influential figures from music and entertainment who died over the past year during an emotional in memoriam tribute.
Erica Campbell of Mary Mary introduced the segment by reflecting on the enduring legacies left behind by those who died, paying special tribute to the late gospel composer Richard Smallwood, whose music she said strengthened her faith. She also remembered the late music executive Clive Davis, who died earlier this week at 94, before performing Whitney Houston’s “I Love the Lord” with Le’Andria Johnson.
The tribute remembered Smallwood, Davis, Malcolm-Jamal Warner and others whose contributions left a lasting mark on music, television and culture.
The show also celebrated the late D’Angelo’s legacy with a star-studded tribute that opened with appearances by his three children.
Ari Lennox, BJ the Chicago Kid, Durand Bernarr, George Clinton and RAYE were among the artists who honored the singer with performances of his music, celebrating the enduring influence of one of R&B’s most acclaimed voices.
Music executive Sylvia Rhone received the BET Ultimate Icon Award in recognition of her groundbreaking leadership and lasting impact on the music industry.
Presented by Kelly Rowland, the honor celebrated Rhone’s trailblazing career as the first Black woman to lead a major record company owned by a Fortune 500 corporation. A video tribute featured messages from artists including Missy Elliott and Busta Rhymes, highlighting her role in helping develop the careers of performers such as Tracy Chapman, Brandy, Erykah Badu, Lil Wayne, Kid Cudi, Future, Travis Scott and Tyler, the Creator.
While accepting the award, Rhone dedicated the honor to the artists and creative teams she has worked alongside throughout her career.
“Tonight’s honor bears my name, but it really belongs to all of us who create culture,” she said.
Rhone also used the moment to urge the music industry to protect artists as artificial intelligence reshapes the business.
“We make the algorithm. The algorithm doesn’t make us,” she said. “We must honor the musician. We must compensate the creator.”
She concluded by calling on the industry to ensure the next generation of artists has the opportunity to create “the songs that will change the world.”
Druski made a grand entrance to kick off the BET Awards on Sunday, descending from the rafters in a harness as a choir filled the theater with a rendition of Kirk Franklin’s “Revolution,” setting the tone for a night celebrating music, comedy and culture.
The comedian and digital creator made history by becoming the youngest host of the ceremony.The show's opening performances featured Kehlani, who sang “Folded” with Jamie Foxx and his daughter, Anelise Estelle Foxx, on guitar. Don Toliver also performed his hits “E85” and “Body.”
Accepting the award for best female R&B/pop artist, Kehlani admitted she hadn’t prepared a speech, instead marveling that “Janet Jackson is here,” before telling the icon she was “really honored to be here” among the night’s talent.
Druski, 31, surpassed Kevin Hart, who previously held the distinction as the BET Award’s youngest host when he emceed in 2011.
Throughout the night, Druski leaned into his comedic persona with appearances alongside Martin Lawrence and Latto. Lawrence jokingly shut down Druski’s pitch to appear in the next “Bad Boys” film before teasing his upcoming Paramount+ series, while Latto playfully poked fun at the host during one of the show’s transitions. Druski also spoofed Jay-Z's Roots Picnic freestyle.
Druski became one of entertainment’s fastest-rising stars through his viral sketches before expanding into sold-out comedy tours and collaborations with artists including Drake and Snoop Dogg, as well as appearances alongside figures like Tom Brady and Timothée Chalamet.
Hip-hop pioneer MC Lyte returned as the show’s announcer.
Hill will receive the Living Legend Icon Award, which recognizes pioneers whose work has remained culturally essential across generations. She first emerged as a member of the Fugees before releasing her landmark solo debut, “The Miseducation of Lauryn Hill,” a genre-defying album that became one of the most influential recordings in hip-hop and R&B history.
BET called Hill “the very definition of a living legend,” crediting her with reshaping music while inspiring generations of artists.
The awards will feature the Pulse Award for creator and content series and the Fashion Vanguard Award for cultural impact in fashion.
Common, left, and Queen Latifah perform during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Host Druski appears during the opening of the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Teyana Taylor accepts the Icon of the Year award during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Lauryn Hill accepts the living legend icon award during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Lauryn Hill accepts the living legend icon award during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Lauryn Hill perform during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Sylvia Rhone accepts the ultimate icon award during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Teyana Taylor accepts the Icon of the Year award during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Teyana Taylor appears onstage to accept the Icon of the Year award during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Teyana Taylor, left, accepts the Icon of the Year award from presenter Janet Jackson during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Teyana Taylor accepts the Icon of the Year award during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Anelise Bishop, left, and Jamie Foxx perform during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Kehlani performs during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Host Druski appears during the opening of the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
Host Druski speaks during the BET Awards on Sunday, June 28, 2026, at the Peacock Theater in Los Angeles. (AP Photo/John Locher)
FILE - Teyana Taylor arrives at Billboard's Women in Music event, April 29, 2026, in Los Angeles. (AP Photo/Chris Pizzello, File)
FILE - Druski appears at the MTV Video Music Awards in Newark, N.J., on Aug. 28, 2022. (Photo by Evan Agostini/Invision/AP, File)
Teyana Taylor appears at the CCA's 8th Annual Celebration of Black Cinema & Television in Los Angeles on Dec. 9, 2025, left, and Lauryn Hill performs at the Essence Festival in New Orleans on June 30, 2023. (AP Photo)
FILE - Cardi B performs during the Global Citizen Festival in New York on Sept. 27, 2025. (Photo by Charles Sykes/Invision/AP, File)
