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Archer Aviation Inc. develops electric vertical takeoff and landing aircraft and related technologies for advanced air mobility. News about ACHR centers on the company’s Midnight piloted electric air taxi, certification activity with aviation regulators, U.S. and UAE air taxi programs, and the infrastructure needed to support commercial operations.
Recurring updates also cover operating and financial results, aircraft testing and production investment, connectivity and technology partnerships, engineering hubs, and commercial and defense-sector initiatives. Midnight is described by the company as a piloted electric air taxi designed for four passengers, with redundant aircraft systems including 12 engines and propellers.
Archer Aviation (NYSE: ACHR) has successfully completed the second phase of its flight test campaign for the Maker aircraft, demonstrating robust takeoff and landing capabilities. The critical azimuth tests validated the aircraft's crosswind capabilities, achieving flight at speeds up to 15 knots in various directions. The campaign is now shifting towards increasing forward flight speeds, with expectations to reach full transition by year-end. CEO Adam Goldstein emphasizes the milestone's significance for the company's vision of eVTOL air travel.
Archer Aviation has signed an agreement with Honeywell for the supply of flight control actuation and thermal management technologies. This partnership will support Archer's goal of achieving Type Certification for its production aircraft in 2024. Honeywell's technologies will enhance the safety and performance of Archer's electric vertical takeoff and landing (eVTOL) aircraft, crucial for operating in urban environments. The collaboration emphasizes technological advancements in precision navigation and passenger comfort, contributing to Archer's mission of sustainable air mobility.
Archer Aviation Inc. (NYSE: ACHR) will publish its second-quarter financial results and operational updates on August 10, 2022, following market closure. A conference call is scheduled for 2:00 p.m. PT to discuss these updates. Shareholders can access the live webcast via the company’s investor relations website, with an option for a telephonic replay available for one week post-call. Archer aims to revolutionize urban air mobility with its electric vertical takeoff and landing aircraft, promoting sustainable transportation.
Archer Aviation Inc. (NYSE: ACHR) has partnered with FACC to fabricate and supply essential fuselage and wing elements for its eVTOL aircraft, advancing Archer's goal of Type Certification in 2024. FACC's expertise in lightweight construction and high-quality aerostructures is pivotal for achieving target range and payload capabilities. Archer aims to enhance sustainable air mobility, moving people efficiently in urban settings. The collaboration with FACC aligns with Archer's vision of innovation and safety in Urban Air Mobility.
Archer Aviation (NYSE: ACHR) has announced significant progress in its Maker flight testing program, aiming for full transition flights by year-end. Following successful hover tests, the company is conducting multiple tests weekly to validate its Tilt Propeller System (TPS). Archer's approach emphasizes rapid commercialization and innovative technology, setting it apart in the eVTOL sector. This achievement follows the initial hover test in December 2021, with plans for expanded flight scenarios and increased airspeeds in the upcoming weeks.
Archer Aviation Inc. (NYSE: ACHR) has announced the appointment of Tom Anderson as Chief Operating Officer of Urban Air Mobility. With over two decades of experience in commercial aviation, Anderson will lead Archer's efforts to launch one of the world’s first urban air mobility ecosystems. He previously served as COO at Breeze Airways and held significant roles at Airbus, Boeing, and JetBlue. This leadership change is pivotal as Archer focuses on establishing a commercial operating service for its electric vertical takeoff and landing (eVTOL) aircraft.
Archer Aviation Inc. (NYSE: ACHR) announced its inclusion in the Russell 2000® and 3000® Indexes, effective June 27, 2022. This inclusion highlights the company's growth potential since its public listing in September 2021. The Russell Indexes, which track the largest US stocks, are crucial for institutional investors, with approximately $12 trillion in assets benchmarked against them. Archer's CEO Adam Goldstein views this milestone as an opportunity to enhance visibility and highlight the company's commitment to shareholder value and the commercialization of its eVTOL aircraft.
Archer Aviation Inc. (NYSE: ACHR) announced significant progress in its Q1 2022 operating and financial results, highlighting key milestones in aircraft technology, FAA certification, and manufacturing. CEO Adam Goldstein emphasized the company's readiness for commercialization in the thriving eVTOL market. The first quarter saw total operating expenses of $65.3M and a net loss of $59.2M. Looking ahead, Archer estimates second quarter operating expenses to be between $80M to $86M, with non-GAAP expenses ranging from $47M to $53M.
Archer Aviation Inc. (NYSE: ACHR) will announce its first quarter 2022 financial results on May 12, 2022, prior to market opening. A conference call will follow at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) to discuss these results and provide a business update. Investors can access the live webcast through Archer’s investor relations website. The company aims to pioneer sustainable urban air mobility with its electric vertical takeoff and landing aircraft, emphasizing safety, cost-effectiveness, and speed.
Archer Aviation (NYSE: ACHR) and United Airlines (NASDAQ: UAL) have established a joint eVTOL advisory committee aimed at enhancing operational standards for Archer's electric aircraft. The committee, co-chaired by Archer's VP of Engineering Dave Dennison and United's Mauricio Angel, focuses on maintenance and operational concepts critical for successful urban air mobility (UAM) adoption. This collaboration builds on a prior agreement where United committed to purchasing $1 billion in Archer's aircraft, reinforcing their ongoing partnership since February 2021.