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Archer Aviation Inc. - ACHR STOCK NEWS

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. (NYSE: ACHR) is pioneering the future of urban air mobility with the design and development of fully electric vertical takeoff and landing (eVTOL) aircraft. The core mission of the company is to revolutionize urban transportation by introducing sustainable, efficient, and safe electric air taxis.

Headquartered in Santa Clara, CA, Archer aims to reduce urban congestion and commute times by providing an innovative alternative to traditional ground transportation. Archer’s flagship aircraft, the Midnight, is designed to perform rapid back-to-back flights with minimal charge time between flights. This piloted, four-passenger vehicle boasts a low-noise profile, positioning it as an environmentally friendly option for urban travel.

Archer has made significant strides in the regulatory landscape, securing both Part 135 and Part 145 certificates from the Federal Aviation Administration (FAA), positioning it to commence commercial operations. The company has also achieved the issuance of final airworthiness criteria for the Midnight aircraft, marking a critical step towards Type Certification. Additionally, Archer is actively collaborating with prominent partners, such as United Airlines and Falcon Aviation, to expand its operational footprint globally, including strategic partnerships in the UAE and South Korea.

In recent developments, Archer has announced partnerships to advance urban air mobility (UAM) infrastructure. This includes the creation of vertiports in Dubai and Abu Dhabi, and joint ventures to establish training centers for future pilots. Notably, the company has also completed rigorous battery pack testing, reinforcing the safety and durability of its designs.

Financially, Archer demonstrates a robust liquidity position, maintaining over $520 million in liquidity as it advances its aircraft development programs. The company’s strategic investments and partnerships underscore its commitment to leading the urban air mobility revolution, with plans to launch across major global cities in the coming years.

News

Archer Continues Attracting Top Talent From Across Aviation Industry; Hires Two Leaders From Wheels Up and Delta Air Lines to Support Its Entry Into Service in 2025

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Archer Aviation Inc. (NYSE: ACHR) announced the addition of two key hires with decades of aviation industry experience to its commercial team. Miles Rogers, a long-time private aviation executive, joined as the Senior Vice President, Head of Marketing, and Sterling Gerdes joined as the Product Lead for Vertiport Experiences. Both bring extensive experience from companies like NetJets, Wheels Up, Marquis Jet, and Delta Air Lines. Their expertise will play a crucial role as Archer prepares for the planned entry into service of its electric air taxi, Midnight, in 2025.
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Atlantic Aviation and Archer Aviation Align to Pursue Development of Electric Aircraft Infrastructure Across LA, Northern California, South Florida, and NYC Regions

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Archer Aviation Inc. and Atlantic Aviation have signed a memorandum of understanding to establish sites for electric aircraft operations in LA, New York City, Northern California, and South Florida. They plan to electrify existing aviation assets to support future electric aircraft operations and leverage relationships with BETA Technologies to install interoperable rapid recharging systems. The parties aim to launch services across these initial locations in 2025 and expand services to other locations as availability of Archer’s aircraft scales. Archer’s goal is to transform urban travel, replacing car commutes with electric air taxi flights that are safe, sustainable, low noise, and cost-competitive with ground transportation.
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Archer’s Midnight eVTOL Aircraft Wins Transportation Design of the Year Award

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Archer Aviation Inc. (NYSE: ACHR) has been recognized by the MUSE Design Awards as the 'Transportation Design of the Year' for its Midnight aircraft, an electric vertical takeoff and landing (eVTOL) aircraft. The award celebrates the world's best in design and innovation, acknowledging the team of world-class design and engineering professionals at Archer for creating a powerful aircraft design that forges an emotional connection between passenger and aircraft.
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Archer Aviation and Air Chateau International Announce Air Chateau International’s Planned Purchase of up to 100 Midnight Aircraft Worth up to $500M

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Archer Aviation Inc. (NYSE: ACHR) and Air Chateau International DWC LLC signed a memorandum of understanding (MOU) at the Dubai Air Show 2023, covering a planned purchase of up to 100 of Archer's Midnight eVTOL aircraft, valued at approximately $500M. Air Chateau will make an initial non-refundable, pre-delivery payment of $1M by December 31, 2023, with additional pre-delivery payments of $4M to follow. The strategic relationship aims to strengthen Archer's plans to commence air taxi operations in Abu Dhabi and Dubai in 2026.
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Archer Announces Third Quarter 2023 Results

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Archer Aviation Inc. (ACHR) announced its Q3 2023 operating and financial results, revealing a nearly $600M liquidity position, plans for air taxi services in the UAE and India, and major advancements in the development of its aircraft 'Midnight'. The company also reported Q3 2023 total operating expenses of $46.2M (GAAP) and a net loss of $(51.6M), with fourth quarter 2023 estimates projecting GAAP total operating expenses of $100M to $110M.
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InterGlobe Enterprises and Archer Aviation Announce Plans to Launch All-Electric Air Taxi Service Across India in 2026

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Archer Aviation Inc. (NYSE: ACHR) and InterGlobe Enterprises announce a strategic initiative to launch an all-electric air taxi service in India, aiming to revolutionize urban transportation with safe, sustainable, and low-noise electric aircraft. The partnership plans to operate Archer's Midnight aircraft, finance vertiport infrastructure, and train personnel for the operations, with the goal of starting with Delhi, Mumbai, and Bengaluru.
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Archer Aviation and BETA Technologies Collaborate to Accelerate the Adoption of an Interoperable Charging System Across the Electric Aviation Industry

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Archer Aviation Inc. (NYSE: ACHR) has entered into an industry-first agreement with BETA Technologies to accelerate the roll-out of an interoperable fast-charging system across the electric aircraft industry. This collaboration aims to create a widespread electric charging network that follows the standards outlined by the General Aviation Manufacturers Association (GAMA) and supports the broad electrification of vehicles. Archer will utilize BETA's Charge Cube and Mini Cube systems at their flight test facilities and plans to rapidly deploy them as needed.
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Archer Is Set To Debut It’s Midnight Electric Air Taxi At The Dubai Air Show

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Archer Aviation Inc. (NYSE: ACHR) announced that its Midnight aircraft will make its Middle Eastern debut at the Dubai Air Show from November 13-17. The aircraft will be featured in the Advanced Air Mobility Pavilion. Archer's CEO, Adam Goldstein, will deliver a keynote address unveiling the company's plans to bring electric air taxis to the UAE in 2026. Archer aims to transform urban travel by offering 10-20 minute electric air taxi flights that are safe, sustainable, low noise, and cost-competitive with ground transportation.
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Archer Achieves Key Flight Test Program Milestone As Midnight Takes Flight

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Archer Aviation's flight test program reaches key milestone as Midnight aircraft takes flight.
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Securities Lawsuit Against Archer Is Dismissed

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Archer Aviation announces voluntary dismissal of federal securities lawsuit
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FAQ

What is the current stock price of Archer Aviation (ACHR)?

The current stock price of Archer Aviation (ACHR) is $10.8 as of December 24, 2024.

What is the market cap of Archer Aviation (ACHR)?

The market cap of Archer Aviation (ACHR) is approximately 4.7B.

What does Archer Aviation Inc. do?

Archer Aviation Inc. designs and develops fully electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility networks, aiming to reduce urban congestion and commute times with sustainable and safe electric air taxis.

What is the Midnight aircraft?

The Midnight is Archer’s flagship eVTOL aircraft, designed to perform rapid back-to-back flights with minimal charge time, accommodating four passengers plus a pilot, and producing low noise.

What certifications has Archer Aviation received?

Archer has secured both Part 135 and Part 145 certificates from the FAA, and has received final airworthiness criteria for its Midnight aircraft, crucial steps towards Type Certification.

Who are some of Archer’s key partners?

Archer has strategic partnerships with United Airlines, Falcon Aviation, and other entities to expand its operational footprint globally, including in the UAE and South Korea.

What are Archer’s plans in the UAE?

Archer is partnering with Falcon Aviation to develop vertiports in Dubai and Abu Dhabi, enabling flights between the cities and establishing key operational developments for urban air mobility in the region.

What recent achievements has Archer announced?

Recent achievements include successful battery pack drop tests, securing Part 135 certification, and partnerships to establish pilot training programs and vertiport infrastructure.

How does Archer plan to ensure the safety of their aircraft?

Archer conducts rigorous testing, including successful battery pack drop tests, and works closely with the FAA for certification to ensure the safety and durability of its eVTOL aircraft.

What is the scope of Archer’s operations?

Archer plans to launch urban air mobility services in major global cities, starting with the UAE and South Korea, aiming to replace lengthy commutes with quick, efficient air taxi flights.

How is Archer planning to handle pilot training?

Archer has partnered with Etihad Aviation Training and other local partners to recruit and train pilots for its Midnight aircraft, ensuring a well-prepared workforce for its eVTOL operations.

What financial position does Archer hold?

Archer maintains a strong liquidity position, with over $520 million in liquidity, allowing it to advance aircraft development programs and make strategic investments for future growth.

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Archer Aviation Inc.

NYSE:ACHR

ACHR Rankings

#1326 Ranked by Market Cap
N/A Ranked by Dividends

ACHR Stock Data

4.73B
302.10M
25.51%
37.28%
17.81%
Aerospace & Defense
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