Hanwha Aerospace ends $320m eVTOL supply deal with Vertical Aerospace

Hanwha Aerospace has terminated a 454.8 billion won ($319 million) contract with UK-based electric vertical takeoff and landing, or eVTOL, aircraft developer Vertical Aerospace, ending a four-year partnership that had been considered one of the former's major urban air mobility projects. According to Hanwha Aerospace's regulatory filing on Monday, it had canceled its agreement with Vertical Aerospace covering the development and supply of electromechanical actuators, or EMAs, and tilting and bla

By The Korea Herald