Welcome to our dedicated page for Archer Aviation news (Ticker: ACHR), a resource for investors and traders seeking the latest updates and insights on Archer Aviation stock.
Archer Aviation Inc. (NYSE: ACHR) generates news across advanced air mobility, eVTOL aircraft development, hybrid-propulsion vertical lift platforms and electric powertrain technology. This page aggregates company-specific headlines, press releases and market-moving updates related to Archer’s aircraft programs, regulatory milestones, partnerships and capital markets activity.
Recent announcements highlight Archer’s progress in building air taxi networks in U.S. cities, including plans for a Miami metropolitan area network and operations in and around Los Angeles, as well as its role in applications under the U.S. Department of Transportation’s eVTOL Integration Pilot Program. The company also reports on international initiatives, such as in-country eVTOL flight test campaigns in the United Arab Emirates and agreements with Saudi Arabia’s General Authority of Civil Aviation to develop regulatory pathways for electric air taxi deployment.
Investors and observers can follow news on Archer’s collaborations with technology and aerospace partners, including its work with NVIDIA on AI-powered aviation systems, its exclusive collaboration with Karem Aircraft on military-grade rotor and tiltrotor technologies, and its agreement to supply proprietary electric powertrains to Anduril Industries and EDGE Group for the Omen Autonomous Air Vehicle system. Updates on intellectual property acquisitions, such as patent assets from Lilium GmbH and IP assets from Overair Inc., are also reflected in the news flow.
In addition, Archer’s news includes disclosures on the acquisition and planned redevelopment of Hawthorne Airport as an operational hub and innovation testbed, as well as legal and regulatory developments reported through company statements. Bookmark this page to access a focused stream of Archer Aviation news, from aircraft testing and network planning to strategic partnerships and SEC-reported events.
Archer Aviation (NYSE: ACHR) is making significant progress with its Midnight aircraft, nearing completion of its first build. All major aerostructures are assembled, and a significant portion of wiring and systems has been installed. Flight testing is scheduled to begin mid-2023, with initial conforming aircraft targeted for completion in Q4 2023, ahead of piloted flight tests in early 2024. Archer plans to manufacture at least six conforming Midnight aircraft for FAA certification tests. COO Tom Muniz highlighted this milestone as validation of their innovative strategy, aiming for mass manufacturing and certification.
Archer Aviation (NYSE: ACHR) has announced significant progress on its high-volume manufacturing facility for eVTOL aircraft in Covington, GA. The facility, adjacent to Covington Municipal Airport, will span 350,000 sq. ft. with the capacity to produce up to 650 aircraft annually, and can be expanded to support 2,300 aircraft per year. Following a local incentive transaction, Archer has partnered with Stellantis to commence production of the Midnight aircraft in 2024. A ceremonial event is planned for April to celebrate this milestone.
Archer Aviation Inc. (NYSE: ACHR) will announce its fourth quarter and full year 2022 operational update and financial results on March 9, 2023, after market close. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Investors can access the live webcast on the Archer investor relations website. International callers can dial +1 929-526-1599 and enter access code 066186 to join the call. A replay of the webcast and conference call will be available for one week after the event.
Archer Aviation Inc. (NYSE: ACHR) announced its participation in multiple investor conferences. Key events include Credit Suisse's 28th Annual Energy Summit in Vail, CO on February 27, 2023, Raymond James' 44th Annual Institutional Investors Conference in Orlando, FL on March 7, 2023, and J.P. Morgan's 2023 Industrials Conference in New York, NY on March 14, 2023. Additionally, Archer will join Baird's Vehicle Tech & Mobility Conference virtually on February 15, 2023. These conferences aim to enhance engagement with investors as Archer continues to develop electric vertical takeoff and landing aircraft for urban air mobility.
Stellantis and Archer have announced a partnership to manufacture Archer's Midnight electric vertical take-off and landing (eVTOL) aircraft. This collaboration aims to utilize Stellantis' advanced manufacturing expertise, personnel, and up to $150 million in equity to facilitate production at a new facility in Covington, Georgia, set to begin in 2024. Stellantis will also aim to increase its shareholding in Archer, enhancing its role as a strategic investor and enabling Archer to save significantly on manufacturing costs during its ramp-up phase.
Archer Aviation (NYSE: ACHR) has reached a major milestone with the publication of Airworthiness Criteria for its Midnight aircraft in the Federal Register by the FAA. This electric vertical takeoff and landing aircraft (eVTOL) is designed to carry four passengers and a pilot, with an operational range of 100 miles and a top speed of 150 mph. Archer aims to secure FAA certification by late 2024 and launch its urban air mobility network in 2025. The announcement underscores Archer's commitment to commercializing eVTOL technology and enhancing urban transportation.
On November 29, 2022, Archer Aviation's Maker successfully completed its first full transition flight, marking a significant milestone in eVTOL aircraft development. This achievement comes less than a year after its first hover flight, demonstrating rapid progress in flight testing. Maker’s configuration features 12 propellers across six booms, transitioning to wing-borne flight at 91 knots (105 mph). The flight program provides critical data to support Archer’s goal of being the first FAA-certified eVTOL operator in the U.S. The upcoming Midnight aircraft is set for certification in 2024.
Archer Aviation has unveiled its new electric vertical takeoff and landing (eVTOL) aircraft, Midnight, at an Open House event in Palo Alto, CA. Midnight, which can carry four passengers and a pilot, boasts an expected payload of over 1,000 pounds and is optimized for 20-mile trips with a rapid 10-minute charging time. Archer aims to achieve FAA certification for Midnight by late 2024 and plans to launch its urban air mobility (UAM) network in 2025. The design emphasizes safety, low noise, and sustainability, with zero operating emissions.
Archer Aviation (NYSE: ACHR) has partnered with Molicel, a leading lithium-ion battery manufacturer, to supply battery cells for its eVTOL aircraft, Midnight. This collaboration aims to optimize the aircraft for urban travel with short-distance flights and quick charging cycles. Molicel’s production capacity is set to increase with a new Gigafactory in Taiwan, producing 1.8 GWh annually. This partnership is a strategic move for Archer, advancing its commercialization goals while securing key technological advantages in battery performance and reliability.
Archer Aviation (NYSE: ACHR) has partnered with Garmin (NYSE: GRMN) to supply the G3000 integrated flight deck for its Midnight aircraft. This collaboration aims to streamline Archer's certification process by sourcing components already used in certified aircraft, which could lower development costs and timelines. Currently, Archer has selected over 64% of suppliers for Midnight’s materials, emphasizing its strategy to focus on key technologies while relying on established aviation leaders. This relationship is expected to enhance Archer's credibility and operational efficiency in the urban air mobility market.