Archer

Starting aircraft production at ARC ✈️ We're now starting production of our first Midnight aircraft at our ARC facility in Covington, GA. The plan is to build up to 10 Midnight aircraft this year to support our ongoing certification-related testing programs and deployments with key partners. We believe this will help us build operational expertise, generate revenue and strengthen long-term demand.

Some thoughts on our Midnight Launch Edition program, Archer Defense, software and more from today’s earnings… Shareholder letter here – https://lnkd.in/g-p8KgnK

Today we share our Q4’24 & full year 2024 results, here are the key highlights: Midnight Launch Edition Program | Our Launch Edition program aims to establish a pragmatic and repeatable playbook to deploy Midnight commercially to dozens of early adopter markets in advance of type certification of the aircraft by the FAA. Abu Dhabi Aviation, the largest commercial helicopter operator in the Middle East, plans to deploy the first Midnight aircraft later this year as the company’s first Launch Edition customer. Starting Production at Arc | We are now starting production of our first Midnight aircraft at our ARC facility in Covington, GA. We are planning to build up to 10 Midnight aircraft this year to support our ongoing certification-related testing programs and deployments with key partners. We believe this will help us build operational expertise, generate revenue and strengthen long-term demand. Outsized Defense Opportunity | In December, we announced an exclusive partnership with Anduril Industries Inc. (“Anduril”), a defense technology company with a mission to transform U.S. and allied military capabilities with advanced technology, to jointly develop a hybrid vertical take-off and landing (VTOL) aircraft for critical defense applications. We believe the potential demand for this aircraft is stronger than expected. Liquidity Position | We have long maintained one of the strongest balance sheets in our industry, and the additional capital raised since the end of Q3’24 has further strengthened our leadership position. Shareholder Letter: https://lnkd.in/g_Qy6Cj9

Introducing the Midnight “Launch Edition” program – our pragmatic and repeatable commercialization playbook to deploy Midnight to dozens of early adopter markets. The program enables Archer to build operational expertise, generate revenue, and continue to strengthen long-term demand. Our first Launch Edition customer is Abu Dhabi Aviation. ADA plans to deploy the first Midnight aircraft later this year in Abu Dhabi with the continued support of Abu Dhabi Investment Office. More – https://lnkd.in/gTMFXEzj

POV: You're Archer's cinematographer.

Getting started is important. Abu Dhabi is where we'll start. The National News

We've received Federal Aviation Administration certification to launch our pilot training academy. Archer can now train and qualify pilots as part of our newly launched training academy, which we plan to use to build a pipeline of pilots in preparation for our commercial launch. We now have our Part 135 (airline operations), Part 145 (maintenance) and Part 141 (pilot training academy) certificates from the FAA. We're already in the process of earning our Part 142 certificate, which is the fourth and final certificate we'll need to launch air taxi operations once Midnight receives its Type Certification. More: https://lnkd.in/gcBQTczD

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Carbon (dark) or Lunar (light)... Which seat color is your favorite?

We will provide Archer's Q4 and full year 2024 operating update and financial results after market close on Thursday, February 27, 2025. Our leadership will host a conference call and corresponding live webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss our operating update and financial results. Additional details: https://lnkd.in/ggp9SnSZ