Archer Announces Three Conforming, Piloted Aircraft Are Now Under Construction; Aircraft Will Be Used In FAA “For Credit” Testing



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.

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.