Archer Aviation Inc Stock Price, News & Analysis

Archer Aviation Inc. (NYSE: ACHR) announced that the U.S. Attorney’s Office will not pursue charges against Dr. Jing Xue, following allegations of trade secret theft made by Wisk, a Boeing joint venture. This decision comes amidst a civil lawsuit filed by Wisk against Archer, reinforcing Archer's stance that Wisk's accusations lack factual basis. Archer's Chief Legal Officer expressed satisfaction with the investigation's outcome and criticized Wisk's efforts to stifle innovation through legal means. Archer awaits to continue its defense against Wisk's claims in court.

Archer Aviation Inc. (NYSE: ACHR) announced the appointment of Barbara Pilarski to its Board of Directors. Pilarski, currently the Global Head of Business Development at Stellantis N.V. (NYSE: STLA), brings over 35 years of experience in the automotive sector. She will also serve on Archer's Nominating & Corporate Governance Committee. Co-CEO Brett Adcock expressed confidence in Pilarski's ability to support Archer's strategy to establish industry-changing partnerships as part of its mission to revolutionize urban air mobility.

Archer Aviation Inc. (NYSE: ACHR) has appointed three new members to its Technical Advisory Board: Steve Dyer, Paul Martin, and Mark Moore. These appointees bring extensive experience from prestigious companies such as Lockheed Martin and NASA, having collectively certified 40 aircraft and launched 14 certified vehicles. Their expertise will be crucial in advancing Archer's goals for sustainable Urban Air Mobility. The advisory board members' combined average experience in Aerospace and Defense is 46 years, significantly bolstering Archer's development efforts.

Archer Aviation has appointed Mark Mesler as the new Chief Financial Officer (CFO). With over two decades of experience in finance within the hardware, sustainability, and aerospace sectors, he will enhance Archer's financial operations, investor relations, and cash management strategies.

Mesler previously held significant roles at Bloom Energy and Volansi, and he is expected to support Archer's 2023 manufacturing launch and FAA Type Certification in 2024. He replaces Ben Lu, who will assist during the transition.

Archer Aviation Inc. (NYSE: ACHR) has achieved a major milestone with the successful hover flight of its Maker eVTOL aircraft, marking FAA airworthiness certification. The flight took place on December 16 at 10:30 AM PT, validating all systems for flight. In the upcoming months, Archer will expand its flight test campaign to include hover and transition envelope expansions. The goal is to establish a scalable aerial ridesharing service by late 2024. This achievement coincides with the anniversary of the Wright Brothers' first flight, symbolizing a significant step in urban air mobility.

Archer Aviation Inc. (NYSE: ACHR) has received a Special Airworthiness Certificate from the FAA, enabling the company to commence hover flight testing of its Maker aircraft. This milestone confirms that Maker meets all FAA safety requirements for off-ground operations. Archer aims to launch its first commercial eVTOL flights in 2024, positioning itself as a leader in sustainable air mobility. This achievement follows previous certification milestones and reflects the company's commitment to safety and innovation in urban transport.

Archer Aviation Inc. (NYSE: ACHR) has formed a specialized Flight Control and Software team, led by Sergio Ferreira, to enhance its fly-by-wire flight control system as the company prepares for its first hover flight later this year. This team includes experienced professionals such as Damien Bardon and Perrine Mathieu, bringing decades of industry knowledge to support the development of Archer's electric vertical takeoff and landing aircraft. The team aims to revolutionize urban air mobility through innovative aviation technology.

Archer Aviation Inc. (NYSE: ACHR) reported its third-quarter financial results on November 11, 2021. The company is focused on developing sustainable air mobility through electric vertical takeoff and landing (eVTOL) aircraft. Archer aims to revolutionize urban transportation by enabling quick, safe, and economical travel. A live audio webcast to discuss these results will occur at 4:30 p.m. ET today. For further details, shareholders can view the results in the shareholder letter available on their investor relations website.

Archer Aviation Inc. (NYSE: ACHR) recently announced that the FAA has issued a Certificate of Authorization for its flagship eVTOL aircraft, Maker. This significant milestone allows Maker to transition from ground operations to flight testing. The aircraft has been moved to Archer’s California flight test facility for final assembly and systems integration, with plans for its first hover flight later this year. This relocation signifies a critical step in Archer’s journey toward urban air mobility.