Articles for tag Archer
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Sep
03
2024
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Posted by Admin
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SANTA CLARA, CA, September 3, 2024 – Today Archer Aviation announced that it has completed 402 test flights so far this year, surpassing the 400 test flight goal it set for 2024 approximately four months ahead of schedule.
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Aug
22
2024
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation this week announced that it has now closed on $220M of this $230M of additional capital raised since the end of Q2, with $10M remaining in the form of a committed investment from Stellantis that remains subject to shareholder approval which is expected to occur later this year.
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Aug
15
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. announced today it has delivered its first Midnight aircraft to the USAF to evaluate as part of its AFWERX Agility Prime contract valued at up to $142M*.
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Archer
USAF
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Jul
31
2024
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Posted by Admin
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COVINGTON, Ga.--(BUSINESS WIRE)-- Today Archer Aviation Inc. (NYSE: ACHR) provided an update on the construction progress of its high-volume manufacturing facility in Covington, GA, reaffirming an expected 2024 completion date.
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Archer
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Jul
17
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, announced today that on Tuesday, July 16, 2024 it received approval from CAEATFA for its ~$117M project covering the planned expansion of its advanced manufacturing facilities in the State of California, including the ramp of its advanced electric powertrain facility as it readies for commercialization. The CAEATFA sales and use tax exclusion is expected to result in ~$10M in benefit to Archer over the next few years.
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Archer
eVTOL
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Jul
15
2024
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Posted by Admin
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DALLAS & SANTA CLARA, Calif.--(BUSINESS WIRE)-- Southwest Airlines Co. (NYSE: LUV) and Archer Aviation Inc. (NYSE: ACHR) have signed a memorandum of understanding (MOU) to develop operational plans for electric air taxi networks utilizing Archer’s eVTOL aircraft at California airports where Southwest® operates. Archer Aviation is a leading manufacturer of electric vertical takeoff and landing (eVTOL) aircraft.
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Archer
Southwest Airlines
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Jul
03
2024
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Posted by Admin
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AMSTERDAM and SANTA CLARA, CA, July 2, 2024 – Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) and Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced Archer has received an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following the achievement of its transition flight test milestone last month.
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Archer
eVTOL
Stellantis
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Jun
20
2024
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced plans for an air mobility network that will connect five strategic locations across the San Francisco Bay Area - South San Francisco, Napa, San Jose, Oakland, and Livermore. Archer’s network is anticipated to provide unprecedented connectivity to communities around the region, allowing people to replace one-to-two-hour drives to cities around the bay with flights that take ~10-20 minutes. To anchor the network, Kilroy Realty Corporation (NYSE: KRC, “Kilroy”), a leading U.S. landlord and developer with an 18 million square foot operating and development portfolio, recently signed a memorandum of understanding (MOU) with Archer identifying Kilroy Oyster Point – a 50-acre waterfront campus in South San Francisco – as a critical hub in Archer’s planned San Francisco Bay Area UAM network.
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Archer
Bay Area
eVTOL
LIVERMORE
Napa
Oakland
San Francisco
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Jun
12
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced that on June 8th its Midnight aircraft successfully completed transition flying at a speed of 100+ mph. Archer has now achieved transition with two different full-scale eVTOL aircraft. Transition is well known in the industry as a very difficult milestone few companies have reached. At ~6,500 lbs, Midnight is believed to be one of the largest eVTOL aircraft to complete transition, which is critical to being able to carry commercially viable passenger payloads.
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Archer
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May
23
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE: ACHR) a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced the FAA issued for public inspection the final airworthiness criteria for Archer’s Midnight aircraft. This significant regulatory milestone provides the solidified path for Archer to achieve Type Certification for Midnight. Archer is one of two companies in the world to achieve this certification progress with the FAA for an eVTOL aircraft.
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Archer
eVTOL
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May
20
2024
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Posted by Admin
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RIYADH, Saudi Arabia--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced it has signed a memorandum of understanding (“MOU”) with Etihad Training that lays the groundwork for a partnership to recruit and train prospective pilots for Archer’s Midnight aircraft in Abu Dhabi to fly aircraft across the UAE. The MOU was announced at the start of the Future Aviation Forum in Riyadh, Saudi Arabia, where Archer is showcasing its Midnight aircraft for the first time in the country.
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Archer
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May
09
2024
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Posted by Admin
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Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced it has completed the build out of its high-volume battery pack manufacturing line. This facility is housed at Archer’s Integrated Test Lab and Manufacturing Facilities in San Jose, CA and will have the throughput necessary to support the planned high volume aircraft production ramp at Archer’s manufacturing facility in Georgia that remains on track to be completed later this year.
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Archer
eVTOL
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Apr
18
2024
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Posted by Admin
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WASHINGTON--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced today key strategic hires to bolster its government relations efforts and a Washington D.C. office opening. Former FAA Administrator and current Archer executive, Billy Nolen, is now Archer’s Chief Regulatory Affairs Officer leading Archer’s government affairs efforts and Melissa McCaffrey joined the team to lead its efforts at the U.S. state and local levels. Lynda Tran, former Senior Advisor to the U.S. Secretary of Transportation and Director of Public Engagement at the U.S. Department of Transportation, has also joined in an advisory capacity.
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Archer
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Mar
28
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (“eVTOL”) aircraft, today announced the successful completion of rigorous battery pack drop testing conducted at a National Institute for Aviation Research lab. This marks a significant milestone in the development of the company’s proprietary electric propulsion system for its Midnight aircraft in what is seen as one of the most difficult tests to pass for an eVTOL aircraft, putting Archer in a strong position to successfully complete this same test in upcoming for-credit testing with the FAA.
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Archer
eVTOL
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Feb
08
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE: ACHR) announced today that they are well underway in constructing the Company’s first three conforming Midnight aircraft, with the first aircraft set to begin final assembly in the coming weeks. Archer’s initial fleet of piloted aircraft will begin piloted flight testing later this year, and subsequently be used in “for credit” flight testing with the FAA as the company progresses towards commercialization.
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Archer
Archer Aviation
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Feb
02
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced today that the company’s Midnight aircraft has hit another key milestone with completion of Phase 1 of its flight test program. Utilizing learnings from the previous four years of flight testing, Archer’s Midnight aircraft finished the flight test phase in approximately three months, which is significantly faster than Archer’s full-scale prototype aircraft - Maker. Additionally, Midnight’s battery system has recently been upgraded to include some of the first high voltage battery packs off of Archer’s manufacturing line at its San Jose, California facilities, a significant step as the company pushes towards being production-ready. With these advancements, Midnight remains firmly on track to complete its first full wing-borne transition flight and begin piloted “for credit” testing with the FAA later this year.
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Archer
Archer Aviation
eVTOL
Midnight aircraft
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Jan
23
2024
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Posted by Admin
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NEW YORK-Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced it has signed a Space Act Agreement with the National Aeronautics and Space Administration (NASA). The collaboration will kick off with an initial project focused on studying high-performance battery cells and safety testing targeted for Advanced Air Mobility (AAM) and space applications.
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Archer
eVTOL
NASA
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