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 (ACHR) pioneers electric vertical takeoff and landing (eVTOL) aircraft designed to revolutionize urban transportation. This news hub provides investors and industry observers with essential updates on the company's progress in sustainable air mobility.
Track official announcements ranging from aircraft certification milestones to strategic urban air mobility partnerships. Our curated feed includes earnings disclosures, technology breakthroughs, and regulatory developments directly from Archer Aviation's communications.
Key updates on the company's Midnight aircraft program, battery innovation efforts, and infrastructure collaborations appear alongside analysis of market positioning within the advanced air mobility sector. All content maintains factual accuracy while avoiding speculative commentary.
Bookmark this page for streamlined access to Archer Aviation's evolving role in decarbonizing urban transit through electric aviation solutions. Regularly updated to reflect the company's latest verified announcements and press releases.
Archer Aviation (NYSE: ACHR) has announced the unveiling of its first production eVTOL aircraft, Midnight, at an Open House event on November 16, 2022. The aircraft, which supports four passengers and a pilot, is designed for urban air mobility and boasts a payload capacity exceeding 1,000 pounds with a quick 10-minute charging turnaround. Following a successful Preliminary Design Review in early 2022, Archer aims for FAA certification and has secured a $10 million pre-delivery payment from United Airlines for 100 units, demonstrating market confidence.
Archer Aviation Inc. (NYSE: ACHR) has appointed Dr. Michael Romanowski as Head of Government Relations to align the company's objectives with emerging aviation policies and regulations. With over 14 years at the FAA, Romanowski aims to advance eVTOL (electric vertical takeoff and landing) technology safely. His focus will be on developing a regulatory framework for the commercialization of Archer's aircraft, Midnight, following the recent close of its Preliminary Design Review. Archer seeks to establish Urban Air Mobility, emphasizing innovation, partnership, and safety.
Archer Aviation Inc. (ACHR) reported its second quarter 2022 financial results and progress towards commercialization. The company received a $10 million deposit from United Airlines for 100 eVTOL aircraft. Key achievements include the completion of flight tests and the Preliminary Design Review for its four-passenger aircraft, Midnight. Financially, total operating expenses were $80.2 million, resulting in a net loss of $71.7 million. Looking forward, Archer estimates third-quarter operating expenses between $95 million and $103 million.
Archer Aviation (NYSE: ACHR) has secured a $10 million pre-delivery payment from United Airlines for 100 of its eVTOL aircraft, marking a significant milestone for the eVTOL industry. This deposit showcases United's commitment to becoming a pioneering operator of eVTOL technology in the U.S. Archer has completed its Preliminary Design Review (PDR) and is progressing in its development efforts. The partnership reflects a shared vision for sustainable air travel, with both companies focused on reducing climate impact.
Archer Aviation (NYSE: ACHR) has successfully completed the second phase of its flight test campaign for the Maker aircraft, demonstrating robust takeoff and landing capabilities. The critical azimuth tests validated the aircraft's crosswind capabilities, achieving flight at speeds up to 15 knots in various directions. The campaign is now shifting towards increasing forward flight speeds, with expectations to reach full transition by year-end. CEO Adam Goldstein emphasizes the milestone's significance for the company's vision of eVTOL air travel.
Archer Aviation has signed an agreement with Honeywell for the supply of flight control actuation and thermal management technologies. This partnership will support Archer's goal of achieving Type Certification for its production aircraft in 2024. Honeywell's technologies will enhance the safety and performance of Archer's electric vertical takeoff and landing (eVTOL) aircraft, crucial for operating in urban environments. The collaboration emphasizes technological advancements in precision navigation and passenger comfort, contributing to Archer's mission of sustainable air mobility.
Archer Aviation Inc. (NYSE: ACHR) will publish its second-quarter financial results and operational updates on August 10, 2022, following market closure. A conference call is scheduled for 2:00 p.m. PT to discuss these updates. Shareholders can access the live webcast via the company’s investor relations website, with an option for a telephonic replay available for one week post-call. Archer aims to revolutionize urban air mobility with its electric vertical takeoff and landing aircraft, promoting sustainable transportation.
Archer Aviation Inc. (NYSE: ACHR) has partnered with FACC to fabricate and supply essential fuselage and wing elements for its eVTOL aircraft, advancing Archer's goal of Type Certification in 2024. FACC's expertise in lightweight construction and high-quality aerostructures is pivotal for achieving target range and payload capabilities. Archer aims to enhance sustainable air mobility, moving people efficiently in urban settings. The collaboration with FACC aligns with Archer's vision of innovation and safety in Urban Air Mobility.
Archer Aviation (NYSE: ACHR) has announced significant progress in its Maker flight testing program, aiming for full transition flights by year-end. Following successful hover tests, the company is conducting multiple tests weekly to validate its Tilt Propeller System (TPS). Archer's approach emphasizes rapid commercialization and innovative technology, setting it apart in the eVTOL sector. This achievement follows the initial hover test in December 2021, with plans for expanded flight scenarios and increased airspeeds in the upcoming weeks.
Archer Aviation Inc. (NYSE: ACHR) has announced the appointment of Tom Anderson as Chief Operating Officer of Urban Air Mobility. With over two decades of experience in commercial aviation, Anderson will lead Archer's efforts to launch one of the world’s first urban air mobility ecosystems. He previously served as COO at Breeze Airways and held significant roles at Airbus, Boeing, and JetBlue. This leadership change is pivotal as Archer focuses on establishing a commercial operating service for its electric vertical takeoff and landing (eVTOL) aircraft.
