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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 Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million

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U.S. Air Force pays Archer nearly $1M as first installment of $142M contract, signaling advancement of partnership. Archer's eVTOL aircraft represents a potential paradigm shift in military aviation. Simulator will be used for pilot training and public awareness.
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Archer To Take Center Stage At U.S. Chamber of Commerce’s Upcoming Global Aerospace Summit in Washington, D.C. – Showcasing eVTOL Aircraft Industry’s Progress Towards Commercialization In 2025

Rhea-AI Summary
Archer's Midnight eVTOL aircraft and executives will be featured at the U.S. Chamber of Commerce's Aerospace Summit. They will discuss progress towards commercial operations by 2025 and scaled operations by 2028. The aircraft will be displayed for government and aerospace leaders. This showcases the U.S.' commitment to maintain its global leadership in aviation.
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After Archer Recently Received FAA Certificate Necessary To Begin Flying Midnight, It Continues Hitting Key Certification Milestones On Schedule As FAA Starts To Approve Midnight’s Certification Plans

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Archer Aviation announced that its Midnight eVTOL aircraft has received a Special Airworthiness Certificate from the FAA, allowing it to begin flight test operations. The FAA has also started approving certification plans for Archer's production aircraft. Archer's strategic approach to aircraft development and certification, along with its partnerships with leading aerospace suppliers, positions the company to accelerate its momentum in the race to bring eVTOL aircraft to market in the U.S.
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Archer Closing Oversubscribed PIPE as Part of $215M Investment Round Led by Stellantis; ARK & United Are Two Key Investors in the PIPE Signifying Intersection of Innovative Financial Institutions & Traditional Aerospace Investing in Disruptive Tech

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Archer Aviation announces the closing of its PIPE investment round, led by Stellantis. United Airlines and ARK Investment Management were among the largest investors in the round. The funding will bring Archer's total liquidity to over $675M and its aggregate funding to $1.1B.
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Archer Accelerates Path to Market: Secures $215M Investment From Stellantis, Boeing, United Airlines, ARK Invest and Others; FAA Issues Archer Certificate to Begin Flying Midnight; On Track to Complete First Ever eVTOL Aircraft Customer Delivery

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Archer secures $215M investment from Stellantis, Boeing, United Airlines, and ARK Invest, bringing total funding to over $1.1B. FAA approves flight test for Midnight eVTOL aircraft. Settlement reached between Archer, Wisk, and Boeing. Q2 2023 net loss of $184.1M. Q3 2023 estimates: GAAP total operating expenses of $42M-$52M, non-GAAP total operating expenses of $75M-$85M.
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Wisk Aero, Archer, and Boeing Reach Agreement To Settle Litigation and Enter into Autonomous Flight Collaboration; Boeing Invests in Archer’s Latest Funding Round

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Wisk Aero and Archer Aviation settle litigation with Boeing, and Archer agrees to make Wisk its exclusive provider of autonomy technology. Boeing invests in Archer to support integration of Wisk's technology.
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Archer Announces Time Change for Second Quarter 2023 Earnings Call from 2:00 PM to 3:00 PM PT

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Archer Aviation Inc. changes the time of its second quarter 2023 earnings conference call and webcast.
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United States Marine Corps Visits Archer Indicating Growing Interest In Midnight eVTOL Aircraft Across The U.S. Military

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Archer Aviation showcased its Midnight eVTOL aircraft to the U.S. Marine Corps, indicating growing interest in Archer's aircraft across the U.S. military. The aircraft offers a potential paradigm shift in military aviation with its vertical takeoff and landing capabilities, low noise profile, and cost-effectiveness.
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Archer To Report Second Quarter 2023 Operating Update and Financial Results on August 10, 2023

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Archer Aviation Inc. (NYSE: ACHR) will report its second quarter 2023 operating update and financial results after market close on Thursday, August 10, 2023. 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. Webcast and conference call information is available on the Archer investor relations website.
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U.S. Air Force and Archer Enter Into Contracts Worth Up to $142 Million Representing Landmark Investment In eVTOL Technology by U.S. Military

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Archer Aviation Inc. has expanded its partnership with the Department of Defense (DoD) through new contracts with the U.S. Air Force worth up to $142 million. The partnership includes the delivery of up to six of Archer's Midnight aircraft to the Air Force, as well as additional flight test data sharing, pilot training, and maintenance and repair operations development. The contracts aim to strengthen the national defense of the United States.
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FAQ

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

The current stock price of Archer Aviation (ACHR) is $6.04 as of November 22, 2024.

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

The market cap of Archer Aviation (ACHR) is approximately 2.6B.

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

#1798 Ranked by Market Cap
N/A Ranked by Dividends

ACHR Stock Data

2.62B
286.80M
24.96%
37.61%
14.3%
Aerospace & Defense
Aircraft
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United States of America
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