Changes in US stocks | Vertical Aerospace (EVTL.US) rose about 10% in the premarket, Valo finalizes seat and navigation supplier

The Zhitong Finance App learned that as of press release, Vertical Aerospace (EVTL.US) surged 10.7% before the market on Friday. Earlier, the company announced that it has signed long-term supplier agreements with South Korea's ANH Structure and Northrop Grumman (NOC.US) to supply seats and navigation systems for its Valo electric vertical take-off and landing (eVTOL) aircraft.

Under the agreement, ANH Structure will design, develop, certify and manufacture Valo's customized pilot and passenger seat systems; while Northrop (NOC.US) will provide its LCR-110 as the aircraft's inertial reference system to provide the necessary position, attitude and heading data for flight critical systems.

Vertical (EVTL.US) is developing the Valo aircraft and plans to launch four- and six-seater cabin configurations, as well as pure electric, hybrid (hybrid) and autonomous flight versions for the commercial and defense markets.

The company said the latest agreement expands its existing supplier network, which includes Honeywell Aerospace, Sonaca, Evolito, Hyundai WIA (Hyundai WIA), Synesqo, Isoclima and Astronics.