Archer Aviation Showcases Midnight Aircraft In Atlanta As It Nears Completion Of Its High-Volume Manufacturing Facility In Covington, Georgia
July 31 2024 - 10:50AM
Business Wire
- Archer’s team has made rapid progress with the buildout of this
nearly 400,000 square foot facility and remains on track to
complete construction by the end of the year
- This facility will support Archer’s planned production in
partnership with Stellantis of up to 650 Midnight aircraft
annually—making it one of the largest manufacturing facilities by
volume in the aviation industry
- Archer recently showcased its Midnight aircraft at Atlantic
Aviation’s new terminal at DeKalb–Peachtree Municipal Airport to
guests from Georgia’s Office of the Governor, Georgia’s
Congressional Offices, the City of Atlanta, Georgia’s State
Legislature, the Federal Aviation Administration and other local
governments
Today Archer Aviation Inc. (NYSE: ACHR) provided an update on
the construction progress of its high-volume manufacturing facility
in Covington, GA, reaffirming an expected 2024 completion date.
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Recent photo of construction progress on
Archer’s high-volume manufacturing facility in Covington, GA
adjacent to the Covington Municipal Airport (Photo: Business
Wire)
In preparation for this facility’s completion, last week Archer
showcased its Midnight aircraft at Atlantic Aviation’s new terminal
at DeKalb–Peachtree Municipal Airport. Guests included government
officials from Georgia’s Office of the Governor, Georgia’s
Congressional Offices, the City of Atlanta, Georgia’s State
Legislature, the Federal Aviation Administration and other local
governments.
Archer completed the first build phase earlier this
year—inclusive of grading and foundation work and is nearing
completion of phase two—the erection of the exterior walls and
roof. Phase three—interior fit out, and phase four—equipment load
in and power on, are on track to be completed in the coming
months.
Once complete, this facility will be nearly 400,000 square feet
and will support Archer’s planned production of up to 650 Midnight
aircraft annually, which would make it one of the largest
manufacturing facilities by volume in the aviation industry.
Archer’s buildout is taking place in close partnership with
Stellantis, with the companies continuing to progress their plans
to mass-produce Archer’s Midnight aircraft together.
Adam Goldstein, CEO and founder of Archer, said, “Thanks to the
hard work of the Archer and Stellantis teams, we’re tracking
towards completing this manufacturing facility by the end of the
year. Once complete, we’ll focus on ramping production up to 650
aircraft a year—our goal is to be the first in the eVTOL industry
to achieve scaled manufacturing.”
Midnight, Archer’s electric vertical take-off and landing
aircraft, represents the potential for a significant step change
for aviation. Built around Archer’s proprietary electric
powertrain, Midnight is designed to offer passengers a sustainable,
low-noise and safe alternative to ground transportation:
- Travels at speeds up to 150 mph, turning hour-long ground
commutes into minutes in the air
- Designed for back-to-back flights of 20-50 miles with minimal
charge time in between
- 100x quieter than a helicopter at cruising altitudes—nearly
inaudible from the streets below
- Redundant systems across the aircraft allowing Archer to target
similar levels of safety as commercial airliners
- Designed to carry a pilot, up to four passengers and carry-on
luggage
About Archer
Archer is a leader in the electrification of aviation. We are
designing and developing the key enabling technologies and aircraft
that are necessary to power the next great transportation
revolution. Our goal is for our proprietary technology to deliver
unprecedented connectivity to the people and places across the most
congested cities in the world. To learn more, visit
www.archer.com.
Forward-Looking Statements
This press release contains forward looking statements regarding
Archer’s future business plans, including statements regarding its
aircraft performance, design and target specifications of its
aircraft, production volume,build out and timing of the completion
of its manufacturing facility, planned manufacturing partnership
with Stellantis, and 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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