Archer Achieves Key Flight Test Program Milestone As Midnight Takes Flight
October 25 2023 - 9:00AM
Business Wire
- This milestone builds on four years of flight testing which
began in 2019, including two years of full-scale flight testing of
Archer’s Maker aircraft
- Midnight’s flight envelope is on track to rapidly advance
from hover to full wing-borne flight over the coming months helping
pave the way to begin “for credit” testing with the FAA next
year
Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical
takeoff and landing (eVTOL) aircraft, announced today that its
flight test program hit another key milestone as the company’s
Midnight aircraft took flight. This milestone builds on Archer’s
four years of flight testing, including two years of full-scale
flight testing with Maker.
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Archer's Midnight eVTOL aircraft in
flight. (Photo: Business Wire)
“This next phase of Archer’s flight test program is only
possible because of the four years of flight testing we’ve done.
Midnight is building on the successes of its predecessor aircraft
and represents another significant step forward in Archer’s path to
commercialization,” said Archer’s founder and CEO Adam Goldstein.
“The next year and a half will be focused on continuing to rapidly
advance our flight test program and Archer’s electric air taxi
operations as we prepare to bring Midnight to market in 2025.”
“Having taken seven full-size eVTOL aircraft from design to
flight test during my career in the eVTOL industry, today’s
milestone with Midnight marks the most significant flight to date
bringing Archer and the eVTOL industry another step closer to
bringing a scalable and commercially viable aircraft to market,”
said Archer COO Tom Muniz.
As Archer’s flight test program continues to advance, Midnight’s
flight envelope is expected to progress rapidly from hover to full
wing-borne transition flight in the coming months, paving the way
for the company to begin “for credit” testing of its Midnight
aircraft with the FAA next year as it works towards entry into
service in 2025.
Simultaneous with the Midnight flight test program, Archer
intends to continue Maker’s flight test program as well as flying
simulated commercial routes to continue to advance the company’s
operational readiness.
Archer’s goal is to transform urban travel, replacing
60–90-minute commutes by car with estimated 10-20 minute electric
air taxi flights that are safe, sustainable, low noise, and
cost-competitive with ground transportation. Archer’s Midnight is a
piloted, four-passenger aircraft designed to perform rapid
back-to-back flights with minimal charge time between flights.
About Archer
Archer is designing and developing electric vertical takeoff and
landing aircraft for use in urban air mobility networks. Archer’s
mission is to unlock the skies, freeing everyone to reimagine how
they move and spend time. Archer's team is based in Santa Clara,
CA.
To learn more, visit www.archer.com.
Forward-Looking Statements
This press release contains forward looking statements regarding
Archer’s business plans and expectations, including statements
regarding its aircraft performance and the timing of Archer’s
development, commercialization, and certification of its eVTOL
aircraft. These forward-looking statements are only predictions and
may differ materially from actual results due to a variety of
factors. The risks and uncertainties that could cause actual
results to differ from the results predicted are more fully
detailed in Archer’s filings with the Securities and Exchange
Commission, including its most recent Annual Report on Form 10-K
and Quarterly Report on Form 10-Q, available at www.sec.gov. In
addition, please note that any forward-looking statements contained
herein are based on assumptions that Archer believes to be
reasonable as of the date of this press release. Archer undertakes
no obligation to update these statements as a result of new
information or future events.
Source: Archer Text: ArcherIR
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