Strong Liquidity Position
Ended Q4 with approximately $2.0 billion in total liquidity, the highest watermark in Archer's history, providing runway to pursue commercialization, manufacturing ramp and adjacent investments.
FAA Means of Compliance Acceptance — 100%
FAA confirmed final acceptance of 100% of Midnight's Means of Compliance, clearing a major regulatory milestone and unlocking the ability to finalize remaining certification plans and begin TIA activities as soon as this year.
Flight Test Progress — CTOL and Piloted VTOL
Completed extensive CTOL campaign (flights >50 miles, >30 minutes, >10,000 ft altitudes and speeds exceeding 150 mph) and begun Midnight's piloted VTOL flight test campaign, progressing toward full transition testing and support for eIPP and TIA.
Commercial and International Momentum / Backlog
Order book described as 'in the billions' with partnerships from 7 of the world's largest airlines and new partners including Saudi PIF and the Serbian government; on track to deploy Midnight this year in U.S. eIPP finalists and UAE launch programs.
Regulatory Progress in UAE — Restricted Type Certificate
Archer is the first eVTOL manufacturer to establish a Restricted Type Certificate program with the UAE's GCAA, enabling delivery of additional Midnight aircraft and vertiport network expansion in Abu Dhabi this year.
Strategic Partnerships and Product Extensions
Signed first third-party powertrain deal (Anduril and EDGE Group for Omen), deep partnerships with Anduril (defense), Palantir (air traffic/control software), NVIDIA (IGX Thor integration), and SpaceX (Starlink connectivity); plan to unveil first software product later this year.
Manufacturing and Engineering Readiness
Covington, GA plant (manufacturing capacity) has been stood up with significant CapEx/ tooling investment; software automation improvements reduced update cycles from multi-months to often just a few days; opened a Bristol (U.K.) hub with 20+ seasoned engineers to accelerate defense efforts.