- Former MI5 Director General and Lord Chamberlain brings
extensive experience of working at the highest levels of public
service
- Appointment follows Vertical’s announcement of its
hybrid-electric programme and comes as the Government sets out its
Strategic Defence Review
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace
and technology company that is pioneering electric aviation, today
announced the appointment of Lord Andrew Parker to its Board of
Directors, strengthening the company’s leadership in defence,
national security, and government affairs. The appointment is
effective as of 2 June 2025.
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Lord Andrew Parker joins Vertical's Board
of Directors, strengthening the company’s leadership in defence,
national security, and government affairs.
Lord Parker brings deep experience in national security and
intelligence from his distinguished career serving the UK
government, most notably as the former Director General of MI5, the
UK Government’s national security agency, from 2013-2020, where he
also served on a range of committees, including the National
Security Council. As Director General, Lord Parker focused on new
technology-centred change.
In 2021, Lord Parker was appointed Lord Chamberlain by Queen
Elizabeth II, becoming the most senior official in the Royal
Household and overseeing historic national events, including royal
ceremonies and state occasions. He was knighted in 2019 and entered
the House of Lords in 2021.
Outside of his public sector work, Lord Parker has served as a
Non-Executive Director at Babcock International Group, an
international defence, aerospace and security company, since
2020.
The appointment of Lord Parker follows Vertical’s recent
announcement of its hybrid-electric programme, designed to unlock
new applications in mission critical sectors such as defence and
logistics, as well as recent hires to the Board, who bring deep
capital markets expertise.
Last month, the UK government committed over £20 million to
accelerate drone and eVTOL technologies — including eco-friendly
air taxis and emergency service applications — building on a total
investment of over £300 million to date through the Future Flight
Challenge. This latest funding aims to support real-world
operations and provide a clear regulatory pathway by 2028.
Lord Andrew Parker, Board Director, said: “I’m delighted
to be joining Vertical at a time when the UK is positioning itself
at the cutting edge of aerospace innovation. Vertical’s commitment
to pioneering next-generation aircraft, powered by breakthrough
electric and hybrid technologies, offers real potential to
transform both civil and defence operations. I look forward to
supporting the team as they unlock the full value of these
innovations — from sustainable passenger transport to critical
government and military missions.”
Domhnal Slattery, Chairman at Vertical Aerospace, said:
"Lord Parker’s deep expertise in navigating complex regulatory,
operational, and governmental frameworks is exactly what we need as
we move toward real-world deployment of our aircraft. His
appointment is highly aligned with our strategy to scale both civil
and defence applications, and he brings a perspective that
perfectly complements the diverse capabilities already represented
on our Board. As we expand our hybrid-electric programme and deepen
our engagement with government and institutional partners, his
leadership will be invaluable.”
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. Vertical’s VX4 is a piloted, four
passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft,
with zero operating emissions. Vertical will also be launching a
hybrid-electric variant, offering increased range and mission
flexibility to meet the evolving needs of the advanced air mobility
market.
Vertical combines partnering with leading aerospace companies,
including GKN, Honeywell and Leonardo, with developing 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 the VX4, with customers
across four continents, including American Airlines, Japan
Airlines, GOL and Bristow. Certain customer obligations are
expected to be fulfilled via third-party agreements. Headquartered
in Bristol, the epicentre of the UK’s aerospace industry,
Vertical’s experienced leadership team comes from top tier
automotive and aerospace 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 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 21E of the Exchange Act. Any
express or implied statements contained in this release that are
not statements of historical fact may be deemed to be
forward-looking statements, including, without limitation,
statements regarding anticipated Board changes and their impact on
Vertical, the design and manufacture of the VX4, the features and
capabilities of the VX4 and the hybrid-electric variant, 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, certification and the
commercialization of both the VX4 and the hybrid-electric VX4
variant, and our ability to achieve regulatory certification of our
aircraft products on any particular timeline or at all, our ability
to integrate hybrid technology into the VX4 on any particular
timelines or at all, the ability of the hybrid-electric VX4 variant
VX4 to be applied in defense, cargo, logistics and emergency
services sectors, our ability to scale the hybrid-electric VX4 upon
the VX4, trends in sovereign defense budgets, expectations
surrounding pre-orders and commitments, the transition towards a
net-zero emissions economy, our future results of operations and
financial position and expected financial performance and
operational performance, liquidity, growth and profitability
strategies, business strategy and plans and objectives of
management for future operations, our ability and plans to raise
additional capital to fund our operations, our plans to mitigate
the risk that we are unable to continue as a going concern, our
plans for capital expenditures, as well as statements that include
the words “expect,” “intend,” “plan,” “believe,” “project,”
“forecast,” “estimate,” “may,” “should,” “anticipate,” “will,”
“aim,” “potential,” “continue,” “is/are likely to” and similar
statements of a future or forward-looking nature. These
forward-looking statements reflect our current views with respect
to future events and are not a guarantee of future performance.
Actual outcomes may differ materially from the information
contained in the forward-looking statements as a result of a number
of factors, including, without limitation, the important factors
discussed under the caption “Risk Factors” in the Company's Annual
Report on Form 20-F filed with the U.S. Securities and Exchange
Commission (“SEC”) on March 11, 2025, as such factors may be
updated from time to time in the Company’s other filings with the
SEC. Any forward-looking statements contained in this release speak
only as of the date hereof and accordingly undue reliance should
not be placed on such statements. the Company disclaims any
obligation or undertaking to update or revise any forward-looking
statements contained in this release whether as a result of new
information, future events or otherwise, other than to the extent
required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250603973183/en/
For more information: Justin Bates, Head of
Communications justin.bates@vertical-aerospace.com +44 7878 357
463
Samuel Emden, Head of Investor Affairs
samuel.emden@vertical-aerospace.com +447816 459 904
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