Archer Announces Fourth Quarter & Full Year 2024 Results, Sets Plans For Midnight Commercial Deployments Ahead Of FAA Certification
Archer Aviation Inc. (“Archer” or the “Company”) (
NYSEACHR) today announced operating and financial results for the fourth quarter and fiscal year ended December 31, 2024. The Company issued a shareholder letter discussing those results, as well as its first quarter 2025 estimates.
Archer Unveils Midnight “Launch Edition” Commercialization Program with Abu Dhabi Aviation (ADA) As First Customer Planning to Deploy Midnight This Year
Today, Archer Aviation (
NYSEACHR) announced a “Launch Edition” commercialization program for its Midnight aircraft. The goal of this program is to establish a pragmatic and repeatable commercialization playbook to deploy Midnight in dozens of early adopter markets in advance of type certification of the aircraft by the FAA.
Archer Receives FAA Certification To Launch Its Pilot Training Academy
Archer Aviation (
NYSEACHR) received FAA certification to launch its pilot training academy. This certification, referred to as Part 141, is granted to a flight school by the FAA, signifying that it is a formally recognized and regulated institution for pilot training.
Archer To Report Fourth Quarter and Full Year 2024 Operating Update and Financial Results on February 27, 2025
Archer Aviation Inc. (
NYSEACHR) will report its fourth quarter and full year 2024 operating update and financial results after market close on Thursday, February 27, 2025. The company will host a live webcast to discuss its results at 2:00 p.m. Pacific Time. The live webcast and replay will be available at investors.archer.com.
Archer Raises $300M From Leading Institutional Investors To Accelerate Hybrid Aircraft Platform Development As Defense Opportunities Look Stronger Than Expected
Today Archer announced it has raised $301.75M1, further reinforcing Archer’s strong financial position and strategically positioning it to accelerate the development of its hybrid aircraft platform for the defense market and beyond. Leading institutional investors participated in this financing, including funds and accounts managed by BlackRock. This raise brings Archer’s total liquidity position to ~$1B. Archer has long maintained one of the strongest balance sheets in the industry, and this additional capital further strengthens its position.
Lt. Gen. (Ret) Scott Howell Joins Archer Defense’s Advisory Board to Advance Next-Gen Military Program
This week Archer Aviation Inc. (NYSE : ACHR) added Lieutenant General (Ret) Scott Howell to its Advisory Board to help guide its newly formed Archer Defense business unit.
Archer Completes Construction of High-Volume Manufacturing Facility
Archer Aviation Inc. (NYSE : ACHR) announced today that earlier this week it received the certificate of occupancy for its high-volume manufacturing facility, ARC, which is connected to the Covington Municipal Airport in Georgia. Archer is now working to complete the tooling load-in for the initial manufacturing line at this facility. Production is planned to begin in early 2025, with the goal of ramping to a rate of two aircraft per month by the end of the year.
Archer Announces Strategic Partnership With Anduril to Develop Hybrid VTOL Military Aircraft; Raises An Additional $430M
Today, Anduril and Archer (
NYSEACHR) announced an exclusive partnership to jointly develop a hybrid VTOL aircraft for critical defense applications targeting a potential program of record from the DOD.
Abu Dhabi and Archer Announce Agreement With Cross-Industry Stakeholders To Launch First Commercial Electric Air Taxi Flights
Archer Aviation Inc. (
NYSEACHR) today announced that it has entered into a multi-party collaboration agreement with key UAE and Abu Dhabi entities to advance the establishment of electric air taxi operations in Abu Dhabi.
Archer Hires UAE Leader From Abu Dhabi Executive Office and GCAA in Support of Plan to Commence In-country Service as Soon as Late Next Year
Archer Aviation Inc. (
NYSEACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced Dr. Talib Alhinai as its UAE Lead. Dr. Alhinai, who currently serves on the Board of Directors for the GCAA, the UAE’s aviation regulator, will be responsible for spearheading the planned launch of Archer’s electric air taxis in the region.
Archer Announces Third Quarter 2024 Results, Demonstrating Manufacturing, Certification and Commercial Launch Momentum
Archer Aviation Inc. (“Archer” or the “Company”) (
NYSEACHR) today announced operating and financial results for the third quarter ended September 30, 2024. The Company issued a shareholder letter (LINK) discussing those results, as well as its fourth quarter 2024 estimates.
Japan Airlines’ and Sumitomo Corporation’s Joint Venture Company, Soracle, Announces Agreement Including Intended Purchase Of Up To $500M of Electric Aircraft From Archer
Archer Aviation Inc. (
NYSEACHR) and Soracle Corporation (Soracle), a joint venture newly established by Japan Airlines and Sumitomo Corporation, signed agreements focused on bringing advanced air mobility (AAM) services to Japan.
Archer Applauds FAA’s Final Rules for Operating eVTOL Aircraft
Archer Aviation Inc. (
NYSEACHR) today provided commentary on the much anticipated FAA release of the final powered-lift Special Federal Aviation Regulation (SFAR) which is the key operational piece of the regulatory puzzle for Archer and the rest of the industry to be able to firm up their plans for safely commercializing eVTOL in the U.S. The SFAR comes ahead of schedule, incorporates key feedback from across the industry, and is yet another signal of the U.S. leading the way in commercializing eVTOL aircraft.
Archer To Report Third Quarter 2024 Operating Update and Financial Results on November 7, 2024
Archer Aviation Inc. (
NYSEACHR) will report its third quarter 2024 operating update and financial results after market close on Thursday, November 7, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results.
Joby Aviation Soars With Toyota Investment and Analyst SupportJoby Aviation is progressing on several fronts and is on track to commercialize its operations in 2025. Analysts see higher prices, and shorts are covering.
Is Archer Aviation on the Brink of a Takeoff?Archer Aviation aims to disrupt urban transportation with electric vertical takeoff and landing aircraft, but its stock has faced significant challenges.
Blade Air Mobility: This Under-the-Radar Stock Could Double SoonBlade Air Mobility has grown fast over the past years, but shares are down big. However, average price targets suggest upside of 150%.
Joby Aviation Stock: Your Next High-Growth OpportunityJoby Aviation Inc. (
NYSEJOBY) designs and manufactures electric vertical take-off and landing (eVTOL) aircraft referred to as air taxis.
Archer Surpasses 400 Test Flights This Year, Achieving Company Milestone Four Months Ahead Of Schedule
Today Archer Aviation announced that it has completed 402 test flights so far this year, surpassing the 400 test flight goal it set for 2024 approximately four months ahead of schedule.
MarketBeat Week in Review – 8/19 - 8/23Stocks closed the week higher on the near certainty that the Fed will cut interest rates in September, but in the short term, all eyes are on NVDA earnings
Archer Closes PIPE As Part Of $230M In Capital Raised Since End Of Q2, Giving It One Of The Strongest Liquidity Positions In Its Industry
Archer Aviation this week announced that it has now closed on $220M of this $230M of additional capital raised since the end of Q2, with $10M remaining in the form of a committed investment from Stellantis that remains subject to shareholder approval which is expected to occur later this year.
Archer Aviation Stumbles on Q2 Earnings, But Potential RemainsThe prospect of air taxis is evolving closer to being a regulated reality with the development of electric vertical take-off and landing (eVTOL) aircraft
Archer Delivers First Midnight Aircraft To The United States Air Force
Archer Aviation Inc. announced today it has delivered its first Midnight aircraft to the USAF to evaluate as part of its AFWERX Agility Prime contract valued at up to $142M*.
Forget Robotaxis: Electric Air Taxis are the Next Big InvestmentThe burgeoning electric air taxi market presents a compelling opportunity for investors seeking high-growth potential in the future of urban transportation.
Future Flight Global Announces Planned Purchase of up to 116 Archer Midnight Aircraft Worth up to $580M
Archer Aviation Inc. and Future Flight Global (FFG) today announced an agreement focused on the deployment of electric vertical take off and landing aircraft (eVTOL) services across top global markets.
