ACHR News and Press, Archer Aviation Inc. Class A From 12/20/22

Archer is the second company to achieve this significant milestone, further solidifying its standing as a leader in the eVTOL aircraft industry Midnight is designed to be safe, sustainable, quiet, carry four passengers plus a pilot (with an expected payload of over 1,000 pounds) and is optimi...

Archer Aviation ( NYSE: ACHR ) became the second company after Joby Aviation ( JOBY ) to receive tentative approval of the design criteria for the hybrid design of an air taxi. The FAA also posted proposed airworthiness criteria in Federal Register to give the public and indus...

Aerospace start-up Lilium (NASDAQ: LILM) provided a financial update this week, and it served as a reminder to investors about how much risk remains in the race to launch a small, battery-powered plane that some have likened to a flying car. The news caused investors to back away from a n...

On Tuesday, November 29, Archer completed Maker’s first full transition flight less than a year after its first hover flight, the culmination of several months of intensive flight testing Full transition occurs when the aircraft “transitions” from lift generated b...

Midnight is the evolution of Archer’s demonstrator electric vertical take off and landing (eVTOL) aircraft, Maker, which has validated its proprietary 12 tilt 6 configuration and key enabling technologies. Midnight is designed to be safe, sustainable, quiet and carry fo...

As a world-class manufacturer of high-performance, superior quality rechargeable lithium-ion battery cells, Molicel brings over 40 years of manufacturing and supply chain experience to Archer’s growing list of suppliers The selection of Molicel represents another important ...

Summary Joby is leading the pack on FAA certification for its eVTOL aircraft, achieving G1 FAA airworthiness criteria 5 months earlier than its direct competitor Archer. Additionally, it has a stronger cash position overall. While Archer has a $1.5B contingency purchase contra...

This relationship represents yet another foundational supplier for Archer. Sourcing avionic systems from Garmin further advances Archer’s strategy of establishing strategic relationships for the supply of components that are already being used on certified aircraft today, r...

Summary Archer Aviation has distinguished itself by achieving several industry-first milestones, including a $1B conditional purchase agreement with United Airlines. Additionally, it continues to execute on schedule as its vision, with the cash on hand to do so & access to fur...

The selection of the site for its manufacturing facility represents a key next step as Archer works towards its goal of being first in the industry to bring up a high-capacity eVTOL production facility. Archer plans to initially build out a 350,000 square-foot facility, capable of...