Archer Aviation Secures Initial $1 Million Payment Through Air Force Contract

The installment is expected to be the first of many for Archer, which signed contracts with AFWERX Agility Prime worth up to $142 million in July.

Jack Daleo

Wednesday, October 04, 2023 at 05:11 PM ET

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Archer’s Midnight eVTOL air taxi will be shipped to an Air Force base for testing and demonstrations in the coming months. [Courtesy: Archer Aviation]

Key Takeaways:

The U.S. Air Force has begun executing its up to $142 million contract with Archer Aviation, providing an initial payment and receiving a mobile flight simulator for pilot training on the Midnight eVTOL.
This partnership aims to assess the Midnight eVTOL's capabilities for military use, potentially leading to a specialized variant, and underscores the Air Force's commitment to investing in advanced air mobility.
Archer is simultaneously preparing for commercial air taxi operations in 2025 with United Airlines, leveraging its Midnight eVTOL's design for short, efficient flights, and positioning itself competitively against other eVTOL developers like Joby Aviation.

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The U.S. Air Force has gotten the ball rolling on its recently announced contracts with electric vertical takeoff and landing (eVTOL) aircraft manufacturer Archer Aviation.

Archer on Wednesday received the Air Force’s initial installment of nearly $1 million, the first of what is expected to be many payments under the agreement valued at up to $142 million. In return, Archer sent the Air Force a mobile flight simulator, specified as a deliverable under the contracts.