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The 55-mile flight follows a series of key developments in Archer’s commercialization roadmap, including the continuation of its manufacturing ramp-up throughout the U.S. and the activation of its Launch Edition program in the UAE.
Aiming to accelerate its defense aircraft portfolio, acquisitions include a patent portfolio from tiltrotor aircraft specialist Overair, and a composites manufacturing site.
The additional funds further support Archer’s liquidity position of approximately $2 billion in anticipation of Midnight’s commercialization.
Archer seeks to integrate air taxi support across LA through transporting LA28’s VIPs, fans and stakeholders to key venues.
Archer looks to enable passengers to travel from Manhattan to nearby airports in just 5-15 minutes via the Midnight eVTOL platform.
Flight operations tested the composites-intensive aircraft’s VTOL and CTOL capabilities, important for its civil and defense operations.
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.
Japan Airlines’ and Sumitomo’s joint venture company intends to purchase up to 100 Midnight aircraft to certify and commercialize AAM services across Japan.
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, advanced air mobility shakes out and moves forward.
