Archer Announces Three Conforming, Piloted Aircraft Are Now Under Construction; Aircraft Will Be Used In FAA “For Credit” Testing
February 07 2024 - 9:00AM
Business Wire
- Key components and systems of the three piloted Midnight
aircraft will conform to the intended type design for FAA
certification
- Component manufacturing is well underway, and final assembly is
on track to begin in the coming weeks at the Company’s
manufacturing facility in San Jose, California
- This initial fleet of piloted aircraft will be used in “for
credit” testing with the FAA as the Company progresses toward its
goal of commercialization in 2025
Archer Aviation Inc. (NYSE: ACHR) announced today that
they are well underway in constructing the Company’s first three
conforming Midnight aircraft, with the first aircraft set to begin
final assembly in the coming weeks. Archer’s initial fleet of
piloted aircraft will begin piloted flight testing later this year,
and subsequently be used in “for credit” flight testing with the
FAA as the company progresses towards commercialization.
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Archer announced today that they are well
underway in constructing the Company’s first three conforming
Midnight aircraft, with the first aircraft set to begin final
assembly in the coming weeks. (Photo: Business Wire)
This latest milestone is another demonstration of Archer's
ongoing progress as the Company continues to execute against its
commercialization plans. These aircraft will have components and
systems that conform to the intended type design, enabling “for
credit” flight testing with the FAA after the completion of the
Company’s flight testing phase, which is planned to start later
this year. Final assembly will be done at Archer’s manufacturing
facility in San Jose, California.
“The key to achieving FAA certification is flying a conforming
aircraft. I believe we are positioned to be the first in the sector
to do so.” said Archer Founder & CEO Adam Goldstein. “From day
one, Archer’s strategy has been to build an aircraft that is
certifiable and manufacturable at scale. This focus is what has
allowed us to move quicker and more efficiently than any other
company in the industry over the last few years.”
Archer’s goal is to transform urban travel, replacing
60–90-minute commutes by car with estimated 10-20 minute 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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