Strategic Partnerships and Launch Edition Program
Archer announced a major partnership with Abu Dhabi Aviation as their first Launch Edition partner. This program will deploy Midnight aircraft in early adopter markets worldwide, providing a revenue-generating opportunity and margin-positive contracts valued at over $20 million each.
Strong Financial Position
Archer Aviation exited 2024 with $835 million in cash and cash equivalents, achieving their highest-ever quarter-end cash balance. The company now has over $1 billion in liquidity, bolstered by strong investor demand and additional capital commitments.
Manufacturing and Production Milestones
The completion of Archer's factory in Georgia, ARC, will allow the production of up to 10 Midnight aircraft this year, marking the first eVTOL OEM to scale commercial production of piloted aircraft in the U.S.
Defense Opportunities
Archer partnered with Anduril to develop a hybrid propulsion vertical lift aircraft for defense applications, which could result in multibillion-dollar programs without needing FAA certification. This partnership increases Archer's strategic importance to U.S. defense.
FAA Certification and Global Expansion
Archer is making progress on FAA type certification and has finalized a project-specific certification plan with the UAE, accelerating international efforts to achieve commercialization.