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 announced its fourth quarter and full year 2021 results, highlighting that it achieved all milestones set for the year. Key developments include the successful hover flight of its eVTOL aircraft, Maker, and progress toward FAA certification for commercial operations. Financially, Archer reported a net loss of $43 million in Q4 and an annual loss of $348 million, with total operating expenses of $53 million for Q4 and $358 million for the year. The company holds $747 million in cash and plans to manage substantial stock-based compensation in 2022.
Archer Aviation Inc. (NYSE: ACHR) will announce its fourth quarter and full year 2021 financial results on Monday, March 14, 2022, after market close. A conference call will follow at 2:00 PM PT to discuss these results and provide a business update. Investors can access the live webcast on the company’s investor relations website. Archer is focused on developing sustainable air mobility through electric vertical takeoff and landing aircraft, aiming for efficient urban transportation.
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.