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Despite persistent supply chain issues, markets were set for healthy growth before Trump policies and tariffs, yet long-term trends favor composites in new platforms. Meanwhile, the advanced air mobility shakes out and moves forward.
Archer looks to enable passengers to travel from Manhattan to nearby airports in just 5-15 minutes via the Midnight eVTOL platform.
Since the launch of Archer Defense, the eVTOL company looks to develop its capabilities in composites and batteries, as well as ongoing commercialization of its Midnight platform.
Tooling load-in is already underway ahead of the planned start of initial production beginning early 2025, while Stellantis and Archer work to finalize the exclusive contract agreement.
The companies’ first product from this partnership, aided by an additional $430 million raised by Archer, is planned to be a hybrid-propulsion VTOL that will target a potential program of record from the U.S. DOD.
400,000-square-foot facility will support Archer's goal of producing up to 650 Midnight aircraft per year.
Japan Airlines’ and Sumitomo’s joint venture company intends to purchase up to 100 Midnight aircraft to certify and commercialize AAM services across Japan.
Following Midnight’s recent flight test milestone, the automaker’s strategic funding agreement buildings on $39 million worth of Archer stock and $110 million investment in 2023.
The $117 million award, believed to be CAEATFA’s largest to date in AAM, will support Archer’s planned expansion of battery pack and aircraft production facilities intended to support eVTOL commercialization.
Over the last 8 months, Archer Aviation has completed a total of 402 test flights with its composites-intensive aircraft, adding to key milestones.