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 Inc. (NYSE: ACHR) announced its inclusion in the Russell 2000® and 3000® Indexes, effective June 27, 2022. This inclusion highlights the company's growth potential since its public listing in September 2021. The Russell Indexes, which track the largest US stocks, are crucial for institutional investors, with approximately $12 trillion in assets benchmarked against them. Archer's CEO Adam Goldstein views this milestone as an opportunity to enhance visibility and highlight the company's commitment to shareholder value and the commercialization of its eVTOL aircraft.
Archer Aviation Inc. (NYSE: ACHR) announced significant progress in its Q1 2022 operating and financial results, highlighting key milestones in aircraft technology, FAA certification, and manufacturing. CEO Adam Goldstein emphasized the company's readiness for commercialization in the thriving eVTOL market. The first quarter saw total operating expenses of $65.3M and a net loss of $59.2M. Looking ahead, Archer estimates second quarter operating expenses to be between $80M to $86M, with non-GAAP expenses ranging from $47M to $53M.
Archer Aviation Inc. (NYSE: ACHR) will announce its first quarter 2022 financial results on May 12, 2022, prior to market opening. A conference call will follow at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) to discuss these results and provide a business update. Investors can access the live webcast through Archer’s investor relations website. The company aims to pioneer sustainable urban air mobility with its electric vertical takeoff and landing aircraft, emphasizing safety, cost-effectiveness, and speed.
Archer Aviation (NYSE: ACHR) and United Airlines (NASDAQ: UAL) have established a joint eVTOL advisory committee aimed at enhancing operational standards for Archer's electric aircraft. The committee, co-chaired by Archer's VP of Engineering Dave Dennison and United's Mauricio Angel, focuses on maintenance and operational concepts critical for successful urban air mobility (UAM) adoption. This collaboration builds on a prior agreement where United committed to purchasing $1 billion in Archer's aircraft, reinforcing their ongoing partnership since February 2021.
Archer Aviation (NYSE: ACHR) has appointed Adam Goldstein as the sole CEO, streamlining its leadership as it advances in the urban air mobility market. Co-founder Brett Adcock remains on the Board of Directors. This change aims to simplify operations and bolster flight testing and certification efforts. Archer, recognized as a leading eVTOL company, is focused on making urban air mobility a practical reality. Goldstein expressed gratitude for the opportunity and highlighted the team's prior achievements, while Adcock affirmed his commitment to the company's success.
Archer Aviation Inc. (NYSE: ACHR) and Hexcel (NYSE: HXL) have signed a letter of intent for a strategic partnership aimed at supplying high-performance carbon fiber and resin systems for Archer's electric aircraft production. The collaboration seeks to mitigate supply chain risks as Archer advances its all-electric aircraft project. Hexcel will provide lightweight composite materials that enhance safety and aerodynamics while adhering to FAA certification standards. This partnership represents an important step for Archer in sustainable air mobility.
Archer Aviation announced its fourth quarter and full year 2021 results, highlighting that it achieved all milestones set for the year. Key developments include the successful hover flight of its eVTOL aircraft, Maker, and progress toward FAA certification for commercial operations. Financially, Archer reported a net loss of $43 million in Q4 and an annual loss of $348 million, with total operating expenses of $53 million for Q4 and $358 million for the year. The company holds $747 million in cash and plans to manage substantial stock-based compensation in 2022.
Archer Aviation Inc. (NYSE: ACHR) will announce its fourth quarter and full year 2021 financial results on Monday, March 14, 2022, after market close. A conference call will follow at 2:00 PM PT to discuss these results and provide a business update. Investors can access the live webcast on the company’s investor relations website. Archer is focused on developing sustainable air mobility through electric vertical takeoff and landing aircraft, aiming for efficient urban transportation.
Archer Aviation Inc. (NYSE: ACHR) announced that the U.S. Attorney’s Office will not pursue charges against Dr. Jing Xue, following allegations of trade secret theft made by Wisk, a Boeing joint venture. This decision comes amidst a civil lawsuit filed by Wisk against Archer, reinforcing Archer's stance that Wisk's accusations lack factual basis. Archer's Chief Legal Officer expressed satisfaction with the investigation's outcome and criticized Wisk's efforts to stifle innovation through legal means. Archer awaits to continue its defense against Wisk's claims in court.
Archer Aviation Inc. (NYSE: ACHR) announced the appointment of Barbara Pilarski to its Board of Directors. Pilarski, currently the Global Head of Business Development at Stellantis N.V. (NYSE: STLA), brings over 35 years of experience in the automotive sector. She will also serve on Archer's Nominating & Corporate Governance Committee. Co-CEO Brett Adcock expressed confidence in Pilarski's ability to support Archer's strategy to establish industry-changing partnerships as part of its mission to revolutionize urban air mobility.
