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 (NYSE: ACHR) reported second quarter 2026 revenue of $5.0 million, up from $1.6 million in Q1 2026, and a net loss of $263.2 million. Total operating expenses were $284.2 million, with non-GAAP operating expenses of $192.2 million and Adjusted EBITDA loss of $177.1 million. Cash, cash equivalents and short-term investments totaled $1.56 billion at June 30, 2026, down $215.3 million sequentially.
Archer announced a planned transaction to acquire Wisk Aero, Insitu and SkyGrid from Boeing to build an end-to-end physical AI platform; Insitu is expected to add over $200 million in annual revenue based on its current financials. Boeing is set to take a strategic stake and become a long-term partner. Archer also unveiled its dual-use autonomous hybrid VTOL platform with Anduril (commercial Halo, defense Thunder), launched its aviation-focused AI foundation model ZEE, and completed piloted city-to-city Midnight flights in California in preparation for operations under the White House’s eVTOL Integration Pilot Program later in 2026.
The Boeing Company (NYSE: BA) and Archer Aviation (NYSE: ACHR) announced definitive agreements for Archer to acquire Boeing’s Wisk Aero, SkyGrid and Insitu subsidiaries. The transaction is intended to create an end-to-end physical AI platform for aerospace and defense by combining autonomy, eVTOL and UAS capabilities with Archer’s ZEE AI foundation model.
According to Archer, Insitu adds a profitable defense business generating over $200 million in annual revenue with operations across 35 countries, while Wisk, SkyGrid and Insitu contribute nearly two million combined flight hours of autonomous operations. Boeing will take a stake in Archer, become a strategic partner, and enter a collaboration and technology-sharing arrangement that lets Boeing retain access to Wisk’s core autonomous flight technology. The deal is subject to conditions, including Hart-Scott-Rodino antitrust review, and is expected to close by the end of 2026.
Archer (NYSE: ACHR) announced that its aviation foundation model, ZEE, has achieved a technical breakthrough: accurately predicting real-time aircraft trajectories on airport surfaces minutes into the future. The model fuses ADS-B, ATC communications, maps, aircraft state, terrain and weather data to create an active predictive layer for air traffic management.
According to Archer, ZEE uses a generative framework called conditional flow matching to model multiple possible futures and a vision transformer trained on high-resolution satellite imagery to recognize runways, taxiways and aprons. The technology is already being tested at Hawthorne Airport, with broader pilot programs planned with commercial partners and regulators.
Archer Aviation (NYSE: ACHR) reported that on July 30 its all-electric Midnight aircraft completed a piloted roundtrip flight between Salinas Municipal Airport and Monterey Regional Airport, with each inter-city leg taking about nine minutes versus roughly 35+ minutes by car, in coordination with the FAA.
According to Archer, this mission is a key step toward launching Midnight operations later in 2026 under the White House’s eVTOL Integration Pilot Program (eIPP) and supports planned services in Los Angeles, including its role as Official Air Taxi Provider for the LA28 Olympic Games and operations across partner states such as Texas, Florida and New York.
Archer Aviation (NYSE: ACHR) plans to release its second quarter 2026 operating update and financial results after market close on Monday, August 10, 2026. The company will host a live webcast to discuss the results at 2:00 p.m. Pacific Time, accessible via its investor relations website, with a replay available.
Archer Aviation (NYSE: ACHR) introduced Halo, the commercial variant of a jointly-developed dual-use autonomous VTOL aircraft platform created with Anduril. Halo shares its airframe, hybrid-electric powertrain and core systems with Thunder, the defense variant unveiled at the Farnborough International Airshow, and offers configurable payloads based on mission needs.
The platform builds on eight years of Archer’s eVTOL development, featuring a series hybrid-electric powertrain, dual optimum-speed tiltrotors, global self-deployment capability and containerizable transport. Archer named Marubeni Aerospace Corporation as Halo’s strategic launch partner, focusing on joint market research, use case identification and future commercial introduction across logistics, offshore energy, freight, humanitarian, medical and maritime applications.
Archer Aviation (NYSE: ACHR) and Anduril unveiled a jointly-developed autonomous series hybrid-electric VTOL aircraft platform for both defense and commercial use, debuting the defense variant Thunder, a Group 5 autonomous attack rotorcraft designed to augment current and next-generation crewed attack and assault aircraft.
The clean-sheet, dual-use platform integrates electric propulsion, a hybrid-electric powertrain and dual tiltrotors to combine VTOL with efficient wingborne cruise, aiming for extended range, endurance, reduced fuel burn and lower acoustic signature. According to Archer, multiple test flights with full-scale surrogate aircraft are already completed, and Thunder’s first flight is planned for 2027, with initial commercial partners for the platform to be announced later in the week.
Archer Aviation (NYSE: ACHR), BETA Technologies and Macquarie Capital launched America’s Consortium for Electric Skyways (ACES) to deploy interoperable electric aviation charging at up to 250 air taxi sites across major U.S. airports and metro areas by around 2030.
The consortium will use BETA’s CCS-standard chargers, prioritized in markets where Archer and BETA plan to operate and aligned with their roles in the FAA’s eVTOL Integration Pilot Program. Archer will anchor passenger air taxi use, BETA will supply charging hardware, and Macquarie Capital will advise and help arrange capital for site acquisition, development and construction. The shared network is designed for multiple operators, cargo and medical missions, and compatible airport ground support vehicles.
Archer (NYSE: ACHR) announced Zee, an aviation-specific AI foundation model designed as a unified aviation intelligence platform. Zee is built on ADS-B, ATC communications, maps and charts, aircraft state, terrain and weather data, and is trained on real-world operational data from over 6,000 ADS-B receivers.
According to Archer, Zee can run both offline on-device and as a server-hosted solution for use in air taxis, UAVs, commercial airlines and air traffic management. The company is in discussions for pilot deployments with governments, airlines and other partners, targeting applications in airline operations, airspace management and copilot assistance to help improve safety and efficiency.
Archer (NYSE: ACHR) reported Q1 2026 results with $1.6M revenue, a $1.3M increase from Q4 2025, and a net loss of $217.7M. Cash, cash equivalents and short-term investments were $1.78B. The company closed Phase 3 of FAA Type Certification for Midnight and expects initial US operations in 2026 under the eIPP and ahead of the LA28 Olympics. Archer expanded piloted flight testing, took over operations of Hawthorne Airport in LA, advanced dual-use hybrid autonomous aircraft development, deepened AI partnerships with NVIDIA, Palantir and Starlink, and guided Q2 2026 Adjusted EBITDA loss to $170M–$200M.