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.
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.
Denver firm says the FAA has accepted its functional hazard analysis for its eFlyer 2.
FAA signs off on Rolls-Royce Pearl engines, which boost speed and fuel efficiency.
The company’s flagship jet flies farther with lower cabin altitude than expected.
The European regulator released a 58-page proposal to craft rules and regulations for drones and eVTOL aircraft, including air taxis.
The company flew its continuous autopilot system aboard a modified Cessna 208 Caravan, including in simulated Class B airspace.
Archer finally got a monkey off its back, settling its litigation with Wisk Aero and turning its former foe into a key collaborator.
Company offers a kit with parts and software to upgrade existing M600/SLS to the HALO Safety System.
Funding and agreement will speed development and commercialization of the company’s aircraft, which takes off from runways as short as 150 feet.
The company’s net loss skyrocketed, but its strong cash position and continued certification progress keep it on track for a 2025 launch.