Vertical Aerospace Says It Received Grant In February From The Aerospace Technology Institute To Develop Next-generation Propellers For Use On Its VX4 Aircraft; Grant Funding Totals $47M
Portfolio Pulse from Benzinga Newsdesk
Vertical Aerospace announced it received a $47 million grant from the Aerospace Technology Institute in February to develop next-generation propellers for its VX4 aircraft.
May 24, 2024 | 10:14 am
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Vertical Aerospace received a $47 million grant from the Aerospace Technology Institute to develop next-generation propellers for its VX4 aircraft. This funding will likely accelerate the development of the VX4, potentially boosting investor confidence and future revenue prospects.
The $47 million grant will provide significant financial support for the development of advanced technology, which is crucial for the VX4 aircraft. This development is likely to enhance the company's product offerings and future revenue streams, positively impacting investor sentiment.
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