Archer Aviation Inc - ACHR STOCK NEWS

Archer (NYSE: ACHR) has received design approval from the UAE's General Civil Aviation Agency (GCAA) to transform the Abu Dhabi Cruise Terminal helipad into a hybrid heliport for both helicopter and eVTOL aircraft operations. The project, targeted for completion in the second half of 2025, will be the first site ready for eVTOL operations in the UAE.

The facility will provide direct access to key locations including the Abu Dhabi Port, Louvre Abu Dhabi, Saadiyat Island, and the Corniche. Archer is collaborating with Falcon Aviation and Abu Dhabi Aviation (ADA) for this infrastructure development. The GCAA is developing pioneering regulatory standards for hybrid infrastructure, expected to be published by July 2025.

The strategic location at the cruise terminal serves over 650,000 guests annually. The project involves upgrading existing facilities with charging infrastructure and enhanced landing and safety systems, capitalizing on established airspace regulations and zoning.

Archer (NYSE: ACHR) has unveiled plans for a New York City air taxi network in partnership with United Airlines, aiming to transform regional transportation. The network will connect Manhattan with nearby airports using Archer's Midnight aircraft, reducing typical 1-2 hour drives to 5-15 minute flights.

The Midnight, a piloted electric air taxi, can carry four passengers and features 12 engines and propellers for redundancy. Archer plans to utilize existing aviation infrastructure, including airports and helipads, to establish vertiports. The company received its FAA Part 135 Air Carrier and Operator Certificate in June 2024 and is working toward Type Certification.

The initiative involves collaboration with infrastructure partners including Atlantic Aviation, Signature Aviation, Skyports/GroupeADP, Modern Aviation, and Air Pegasus. United Airlines has already placed an order for a fleet of Midnight aircraft and remains a long-term investor in Archer.

Archer Aviation (NYSE: ACHR) has signed an agreement with Ethiopian Airlines to deploy an initial fleet of Midnight aircraft under Archer's 'Launch Edition' program, valued at up to $30M. This marks Ethiopian Airlines as the second customer in the program, following Abu Dhabi Aviation.

The partnership aims to establish an air taxi network in Ethiopia, with Archer providing pilots, technicians, and engineers to support the initial deployment. The companies will also explore eco-tourism opportunities. Archer will supply backend software infrastructure and front-end booking applications to support urban air mobility operations.

The Midnight aircraft, designed to carry four passengers with a pilot, aims to transform urban travel by replacing 60-90 minute car commutes with 10-20 minute electric air taxi flights. The program, announced in February 2025, focuses on creating a scalable commercialization framework for safely deploying aircraft in early adopter markets.

Archer Aviation (NYSE: ACHR) and Palantir Technologies have announced a strategic partnership to develop AI-powered aviation technologies. The collaboration will initially focus on leveraging Palantir Foundry and AIP to enhance Archer's aircraft manufacturing capabilities in Georgia and Silicon Valley.

The partnership aims to develop next-generation software solutions for critical aviation systems, including air traffic control, movement control, and route planning. This initiative seeks to improve efficiency, safety, and affordability across the aviation industry, breaking away from decades of only incremental improvements in the sector.

The partnership will be formalized during a signing ceremony between Palantir's CEO Alex Karp and Archer's CEO Adam Goldstein at Palantir's AIPCon, marking a significant step towards revolutionizing the aviation industry through AI integration.

Archer Aviation (NYSE: ACHR) announced its Q4 and full year 2024 results, highlighting significant operational milestones. The company unveiled its 'Launch Edition' commercialization program with Abu Dhabi Aviation (ADA) as its first customer, aiming to deploy Midnight aircraft commercially before FAA certification.

Key developments include:

• Starting production of Midnight aircraft at ARC facility in Covington, with plans to build up to 10 aircraft in the current year
• Maintaining over $1B in liquidity while keeping spending flat for two consecutive quarters
• Establishing an exclusive partnership with Anduril Industries for developing hybrid VTOL aircraft for defense applications

For Q1 2025, Archer projects an Adjusted EBITDA loss between $95 million to $110 million.

Archer Aviation (NYSE: ACHR) has announced its 'Launch Edition' commercialization program for its Midnight aircraft, with Abu Dhabi Aviation (ADA) as its first customer. The program aims to create a repeatable playbook for deploying Midnight in early adopter markets before FAA type certification.

ADA plans to deploy an initial fleet of Midnight aircraft later this year. Archer will provide pilots, technicians, engineers, software infrastructure, and a booking application to support operations. The partnership was formalized through a memorandum of understanding with the Abu Dhabi Investment Office for funding the deployment.

The Midnight aircraft is designed as a piloted, four-passenger electric air taxi aimed at transforming urban travel by replacing 60-90 minute car commutes with 10-20 minute flights. The aircraft is engineered for rapid back-to-back flights with minimal charging time between operations.

Archer Aviation (NYSE: ACHR) has received FAA Part 141 certification to launch its pilot training academy, marking the third key operational certificate required for launching air taxi operations. This certification allows Archer to formally train and qualify pilots for its planned commercial air taxi services using its Midnight aircraft.

The company previously obtained its Part 135 Air Carrier & Operator Certificate in June 2024 and Part 145 certification in February 2024. Archer has already begun the application process for Part 142, the fourth and final certificate needed. The Part 141 certificate was granted during a ceremony at Archer's flight test facility in Salinas, CA.

Archer aims to transform urban travel by replacing 60-90-minute car commutes with 10-20-minute electric air taxi flights. The Midnight aircraft is designed as a piloted, four-passenger vehicle capable of performing rapid back-to-back flights with minimal charging time.

Archer Aviation (NYSE: ACHR) has announced it will release its fourth quarter and full year 2024 operating update and financial results after market close on Thursday, February 27, 2025. The company will host a live webcast at 2:00 p.m. Pacific Time to discuss the results. The webcast and replay will be accessible at investors.archer.com. For the first time, Archer will implement Say Technologies' Q&A Platform, allowing shareholders to submit and vote on questions through their dedicated platform.

Archer has successfully raised $301.75M from leading institutional investors, including funds managed by BlackRock, bringing its total liquidity position to approximately $1 billion. The funding will accelerate the development of its hybrid aircraft platform, particularly focusing on defense applications.

The financing involved the sale of 35,500,000 shares of Class A common stock at $8.50 per share. The company plans to use the proceeds for developing next-generation aircraft manufacturing capabilities, including batteries and composites. Archer's preliminary Q4 2024 financial results indicate GAAP operating expenses between $120-140 million and non-GAAP operating expenses within $95-110 million range.

The company launched Archer Defense in December to develop next-generation vertical-take-off-and-landing aircraft with hybrid propulsion for defense applications. CEO Adam Goldstein noted that defense opportunities appear substantially larger than initially expected.