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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 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.
Archer Aviation (NYSE: ACHR) announced the hiring of Alan Tepe as Head of Propulsion Inverter Design and Jeremy Mayer as Head of Motor Design System Development. With over three decades of combined experience, both will accelerate the engineering efforts for Archer's eVTOL aircraft, aiming for the upcoming milestone first flight. Tepe joins after eight years at Tesla, while Mayer previously worked at Lucid Motors. Archer emphasizes that this expansion of expertise is crucial for advancing its mission in sustainable urban air mobility.
Archer Aviation Inc. (NYSE: ACHR) will release its Third Quarter Fiscal Year 2021 financial results on November 11, 2021, at 4:00 p.m. EST. A conference call to discuss these results is scheduled for the same day at 4:30 p.m. EST, with a webcast available on the company’s investor relations website. Archer aims to enhance sustainable air mobility through the development of eVTOL aircraft, facilitating urban transportation efficiently and cost-effectively.
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Archer Aviation Inc. (NYSE: ACHR) has begun trading its Class A common stock and warrants on the New York Stock Exchange. This marks a significant milestone for the company, generating approximately $857.6 million in gross proceeds, including $600 million from a PIPE. Co-founders Brett Adcock and Adam Goldstein emphasized the company's vision to revolutionize urban air mobility with their all-electric vertical takeoff and landing (eVTOL) aircraft. The PIPE was backed by notable investors, including United Airlines and Stellantis.