Operator

Good morning. My name is Warren, and I will be your conference operator today. At this time, I would like to welcome everyone to Vertical Aerospace's Q1 2026 Business and Strategy Update Call. [Operator Instructions]

I will now hand the conference over to Gillian Levine, IR Lead at Vertical Aerospace. You may begin your conference.

Gillian Levine
Investor Relations Lead

Good morning. I am delighted to welcome you to Vertical Aerospace's first quarter 2026 business and strategy update call.

Before we get started, I would like to remind you that during today's call, we'll be making forward-looking statements. These statements involve risks and uncertainties that may cause actual results to differ materially. Any forward-looking statements we make are based on assumptions as of today.

We undertake no obligation to update these statements as a result of new information or future events. We've posted an accompanying slide deck to our Investor Relations website at investors.verticalaerospace.com, which contains detailed information on forward-looking statements. For a more complete discussion about these risks and uncertainties, we have filed our financial results for the quarter ended March 31, 2026, with the SEC earlier today.

Please now let me hand over to our Chairman, Domhnal Slattery.

Domhnal Slattery

Good morning, and thank you all for joining us. Since you last