Case brought against Archer voluntarily dismissed

news

Yves Le Marquand

25 Oct 23

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Archer says a plaintiff in a federal securities case filed against the firm has voluntarily dismissed the action. Reacting to the dismissal, Andy Missan, Archer’s…

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Archer closes financing and building deals for Georgia factory

news

Yves Le Marquand

11 Oct 23

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Archer has closed agreements with Synovus Bank and Evans General Contractors for the financing and construction of its Covington, Georgia manufacturing facility.  Today’s news secures…

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Archer receives first instalment from US Air Force contracts

news

Yves Le Marquand

4 Oct 23

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Archer has got the first instalment worth nearly $1m from its recently announced contracts with the US Air Force (USAF). With a total value of…

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Archer hires Uber Elevate co-founder Nikhil Goel

news

Yves Le Marquand

20 Jul 23

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Archer Aviation has appointed former Uber air taxi division executive, Nikhil Goel as chief commercial officer.  In a move Archer said will target untapped demand…

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Acting FAA chief in advanced talks with Archer 

news

Yves Le Marquand

25 May 23

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The exiting acting FAA chief administrator Billy Nolen is in advanced talks to join Archer Aviation, according to sources close to the situation. As reported…

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Archer rolls out first Midnight aircraft

news

Yves Le Marquand

12 May 23

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Archer has completed final assembly of its first production aircraft Midnight ahead of its first test flight this summer.  On the same day Archer posted…

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Archer: ‘Aggressive roadmap’ led to ‘significant milestones’ in 2022

news

Yves Le Marquand

10 Mar 23

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Archer’s roadmap for 2022 has led to the achievement of number of “significant milestones” over the past year, according to Adam Goldstein. GAAP total operating…

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Archer begins construction on Covington manufacturing facility

news

Yves Le Marquand

8 Mar 23

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Archer Aviation has begun construction on its Georgia-based manufacturing facility, closing the local incentive transaction. The planned approximately 350,000sqft facility, located adjacent to the Covington…

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FAA releases airworthiness criteria for Archer’s Midnight

news

Yves Le Marquand

19 Dec 22

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The FAA has released the proposed airworthiness criteria for Archer’s eVTOL.  Archer will have to meet the criteria in order to achieve certification of its…

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Archer to build production facility by mid-2024

news

Yves Le Marquand

15 Nov 22

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Archer has revealed plans to build a manufacturing facility capable of producing 650 aircraft per year by the first half of 2024. The firm has…

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Archer overestimates expenditure in Q3, remains on track to certify

news

Yves Le Marquand

11 Nov 22

0

Archer Aviation’s $61.1m non-GAAP operating expenses in the third quarter (Q3) came in under estimation, despite the firm making significant outlays in R&D and staffing.…

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