Honeywell to lead European air mobility project for eVTOLs and cargo drones
Seeking Alpha ·
Honeywell Aerospace ( HONA ) said Tuesday it will lead a European Union-backed project aimed at integrating piloted electric vertical takeoff and landing, or eVTOL, aircraft and remotely operated cargo drones into European airspace. The initiative, known as Project VERTI GO, was announced at
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Honeywell Aerospace announced it will lead project VERTI GO, supported by the European Union, to integrate manned eVTOL aircraft and remotely piloted cargo drones into European airspace. This project is expected to be a crucial turning point in accelerating the commercialization and airspace integration of Urban Air Mobility (UAM). Investors should focus on the long-term growth potential of related aerospace and UAM infrastructure companies.
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- Aerospace — Honeywell leading the European eVTOL project is expected to drive the establishment of next-generation air mobility infrastructure and benefit related technology companies.
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