Dr. Talib Alhinai joins Archer as its UAE Lead after his tenure with the Abu Dhabi Executive Office, a supervisory body that reports to the Emirate's Executive Council under the command of the Crown Prince, His Highness Sheikh Khaled bin Mohammed bin Zayed Alhinai will continue to serve as the youngest Board Director of the UAE General Civil Aviation Authority (GCAA) and on its Audit & Risk Committee Archer will continue to build out its Abu Dhabi presence building on its previously announced strategic initiative with the Abu Dhabi Investment Office (ADIO) to bring Archer to the UAE Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraf

Manufacturing facility set for completion in the coming weeks, focus going into 2025 is on building piloted, type-design aircraft for use in testing and early commercial deployment Nearing completion of Phase 3 of the FAA's type certification process while continuing to rapidly advance Phase 4, the final phase to secure type certification Established a consortium led by the Abu Dhabi Investment Office (ADIO) to launch commercial air taxi services in the UAE as early as Q4'25 Signed partnership with Japan Airlines and Sumitomo Corporation's joint venture, Soracle, with a planned order of up to $500M of Midnight aircraft, bringing Archer's indicative order book to $6B+* Archer Aviati

Archer Aviation Inc. (NYSE:ACHR) and Soracle Corporation (Soracle), a joint venture newly established by Japan Airlines and Sumitomo Corporation, signed agreements focused on bringing advanced air mobility (AAM) services to Japan. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107033638/en/Japan Airlines' and Sumitomo Corporation's Joint Venture Company, Soracle, Announces Agreement Including Intended Purchase Of Up To $500M of Electric Aircraft From Archer (Photo: Business Wire) Soracle plans to launch its AAM operation in Japan using Archer's Midnight aircraft, with the goal of offering electric air taxi flights in cities wh

Archer Aviation Inc. (NYSE:ACHR) today provided commentary on the much anticipated FAA release of the final powered-lift Special Federal Aviation Regulation (SFAR) which is the key operational piece of the regulatory puzzle for Archer and the rest of the industry to be able to firm up their plans for safely commercializing eVTOL in the U.S. The SFAR comes ahead of schedule, incorporates key feedback from across the industry, and is yet another signal of the U.S. leading the way in commercializing eVTOL aircraft. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241024957446/en/Former FAA Administrator and current Archer Chief Regula

Archer Aviation Inc. (NYSE:ACHR) will report its third quarter 2024 operating update and financial results after market close on Thursday, November 7, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 286379. A replay of the webcast will be available on the Archer investor relations we

Today Archer Aviation announced that it has completed 402 test flights so far this year, surpassing the 400 test flight goal it set for 2024 approximately four months ahead of schedule. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903108793/en/Today Archer Aviation announced that it has completed 402 test flights so far this year, surpassing the 400 test flight goal it set for 2024 approximately four months ahead of schedule. (Photo: Business Wire) The 400 plus flights were conducted over the last eight months as the company ramps flight test operations in advance of for-credit flight testing with the FAA. Adam Goldstein,

Archer Aviation today announced the closing of the PIPE investment it previously announced as part of its Q2'24 earnings, with participation by longtime strategic investors United Airlines and Stellantis, as well as institutional investors. This additional capital gives Archer one of the strongest liquidity positions in its industry and brings Archer's aggregate funding to over $1.5B to date Archer also recently announced it reached the key terms of an agreement with Stellantis for the contribution of significant capital in the form of labor and capital expenditures to help scale Archer's Midnight manufacturing. This strategic funding arrangement is intended to give Archer the abilit

Last month, the U.S. Department of Defense (DOD) accepted the military airworthiness assessment of Archer's Midnight aircraft Archer delivered Midnight to the U.S. Air Force (USAF) for evaluation as part of Archer's AFWERX Agility Prime contract valued at up to $142M* Following the recent delivery-in-place handoff at Archer's flight test facility in Salinas, CA, a team of USAF personnel worked alongside Archer's flight test team to ramp flight operations Archer Aviation Inc. announced today it has delivered its first Midnight aircraft to the USAF to evaluate as part of its AFWERX Agility Prime contract valued at up to $142M*. This press release features multimedia. View the full

Archer and Future Flight Global have signed a memorandum of understanding (MOU) for the planned purchase of up to 116 Midnight Aircraft worth up to $580M Along with this MOU, Future Flight Global made an initial deposit, and the MOU sets out nearly $5M in pre-delivery payments to be paid upon the completion of the parties' definitive aircraft purchase agreement Future Flight Global was founded by members of the leadership team at Titan Aviation which has been operating business jets worldwide for over two decades This aircraft purchase is planned to support the companies' joint launch of electric vertical take-off and landing aircraft operations in key global markets Archer's i

Archer Announces Second Quarter 2024 Financial and Operating Results Reached agreement in principle on key terms of contract manufacturing relationship with Stellantis1. Stellantis to contribute up to ~$400M to help scale Archer's Midnight manufacturing to 650 aircraft annually through an obligation to cover manufacturing labor costs as well as certain capital expenditures at Archer's Georgia manufacturing facility through 2030. This is in addition to Stellantis' investment in today's equity capital raise, which is incremental to their $55M equity investment in Archer last month. Secured $230M in additional equity capital since the end of Q2. This new equity capital comes from strateg

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Archer and Signature recently signed a memorandum of understanding (MOU) identifying initial day one opportunities for launching air taxi services including in key United Airlines hubs at Newark International (EWR) and Chicago O'Hare (ORD) Airports, as early as the end of 2025. The MOU anticipates that the parties will electrify Signature's industry-leading network of private aviation terminals, giving Archer access to takeoff and landing sites in major metropolitan areas across the U.S. and globally, including New York, Los Angeles, San Francisco Bay Area, and Texas. Archer and Signature plan to install BETA's UL-Certified CCS rapid charging systems endorsed by General Aviation Manu

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Archer Aviation, Inc. ("Archer" or the "Company") (NYSE:ACHR) investors that a lawsuit filed on behalf of investors that purchased Archer securities between September 17, 2021 and August 15, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options

Dr. Michael Romanowski Will Align Archer's Objectives with Emerging Policy and Regulations Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced the appointment of Dr. Michael Romanowski as Head of Government Relations. In his role, Romanowski will collaborate with regulatory authorities and industry to form a forward-leaning position on policy, process and global certification expectations. "My career has been dedicated to improving safety. The safe advancement and implementation of emerging aerospace technologies is one of the best ways to continue to improve safety and bring lasting benefits to the American public," said D

Anderson brings over two decades of experience in commercial aviation to the leadership role as Archer prepares to build out its airline operations Anderson will lead Archer's commercial and operational efforts as the company moves toward launching one of the world's first urban air mobility (UAM) ecosystems. Anderson joins Archer's senior leadership team after three years at Breeze Airways, where he served as Chief Operating Officer, and having served as part of the team that launched JetBlue. He also held roles at Azul, Virgin America, Boeing and Airbus. Archer Aviation Inc. (NYSE:ACHR) today announced the appointment of Tom Anderson as Chief Operating Officer, Urban Air Mobility. I

Archer Aviation Inc. (NYSE:ACHR) today announced that Adam Goldstein has been named sole CEO, as the company prepares for its next phase of growth in the fast-developing urban air mobility market. Brett Adcock, Archer's co-founder and former co-CEO, will remain on the Company's Board of Directors. The Company took this step, which it believes will help simplify its operating structure, to drive its flight testing and certification program on its path to commercialization. As one of the most well-capitalized eVTOL companies with a team of world-class engineering and design talent, Archer is strategically positioned to bring urban air mobility to market. "I want to thank the Board for giving

With over two decades of experience in the hardware, sustainability and aerospace sectors, Mark will focus on ensuring Archer's finance infrastructure robustly supports the company's progress towards its goal of launching manufacturing operations in 2023 and achieving FAA Type Certification in 2024 After 11.5 years at Bloom Energy and 25 years in corporate finance, Mark brings a unique understanding of how to build and maintain finance organizations in innovative sustainability companies with high-growth trajectories As Archer matures its financial and investor relations functions following its debut on the NYSE in 2021, Mark will bring his experience gained through helming finance org

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Manufacturing facility set for completion in the coming weeks, focus going into 2025 is on building piloted, type-design aircraft for use in testing and early commercial deployment Nearing completion of Phase 3 of the FAA's type certification process while continuing to rapidly advance Phase 4, the final phase to secure type certification Established a consortium led by the Abu Dhabi Investment Office (ADIO) to launch commercial air taxi services in the UAE as early as Q4'25 Signed partnership with Japan Airlines and Sumitomo Corporation's joint venture, Soracle, with a planned order of up to $500M of Midnight aircraft, bringing Archer's indicative order book to $6B+* Archer Aviati

Archer Aviation Inc. (NYSE:ACHR) will report its third quarter 2024 operating update and financial results after market close on Thursday, November 7, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 286379. A replay of the webcast will be available on the Archer investor relations we

Archer Announces Second Quarter 2024 Financial and Operating Results Reached agreement in principle on key terms of contract manufacturing relationship with Stellantis1. Stellantis to contribute up to ~$400M to help scale Archer's Midnight manufacturing to 650 aircraft annually through an obligation to cover manufacturing labor costs as well as certain capital expenditures at Archer's Georgia manufacturing facility through 2030. This is in addition to Stellantis' investment in today's equity capital raise, which is incremental to their $55M equity investment in Archer last month. Secured $230M in additional equity capital since the end of Q2. This new equity capital comes from strateg

Archer Aviation Inc. (NYSE:ACHR) will report its second quarter 2024 operating update and financial results after market close on Thursday, August 8, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 013488. A replay of the webcast will be available on the Archer investor relations

Midnight's Flight Test Campaign Accelerates – Closing In On Transition Milestone. In Q1, Archer flew 100+ flights, keeping us on track to exceed our goal of 400 flights this year. Midnight is closing in on its transition milestone, meaning it would take off vertically, accelerate until it transitions from thrust-born to wing-borne flight and then land again vertically. From there, we intend to fly the aircraft as much as 10-15 times per day getting closer to our commercial mission tempo. Midnight's Key Systems Pass Rigorous Testing Ahead of "For Credit" Testing. This is a part of Midnight's safety of flight readiness for its upcoming piloted flight tests later this year and in support o

Archer Aviation Inc. (NYSE:ACHR) will report its first quarter 2024 operating update and financial results after market close on Thursday, May 9, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 781391. A replay of the webcast will be available on the Archer investor relations webs

Approximately 80% of Archer's Midnight aircraft's subsystems and components are sourced from leading aerospace suppliers with certification heritage giving it a significantly de-risked path to certification Construction of three conforming Midnight aircraft underway as flight test program makes rapid progress and Archer expects to complete 400 test flights in 2024 On track to complete build out of volume manufacturing facility alongside Stellantis in Georgia later this year Strong liquidity position of ~$625M at end of Q4 2023 with cash balances increasing QoQ Archer Aviation Inc. ("Archer" or the "Company") (NYSE:ACHR) today announced operating and financial results for the fo

Archer Aviation Inc. (NYSE:ACHR) will report its fourth quarter and full year 2023 operating update and financial results after market close on Monday, February 26, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 725920. A replay of the webcast will be available on the Archer inve

Rapidly Advanced Commercialization Strategy and Enhanced Already Strong Financial Position As Midnight Takes Flight Archer Aviation Inc. ("Archer" or the "Company") (NYSE:ACHR) today announced operating and financial results for the third quarter ended September 30, 2023. Archer will be conducting its earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today. You can access a live webcast on our investor relations website at investors.archer.com or the conference call by dialing 833-470-1428 (domestic) or +1 929-526-1599 (international) and entering the access code 629739. A replay of the webcast will be available on the Archer investor relations website. In ad

Archer Aviation Inc. (NYSE:ACHR) will report its third quarter 2023 operating update and financial results after market close on Thursday, November 9, 2023. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial 833-470-1428 (domestic) or +1 929-526-1599 (international), and enter the access code 629739. A replay of the webcast will be available on the Archer investor relations

JP Morgan analyst Bill Peterson maintains Archer Aviation (NYSE:ACHR) with a Overweight and raises the price target from $5 to $6.

As the Q2 earnings season approaches, clean tech stocks like Enovix Corp (NASDAQ:ENVX) and ChargePoint Holdings Inc (NYSE:CHPT) are catching the spotlight, navigating a landscape fraught with both opportunities and challenges. According to JPMorgan analyst Bill Peterson, the sentiment among institutional investors is notably cautious, with “elevated short interest pervasive across our coverage universe.” This ambivalence is driven by concerns about company execution and balance sheets, keeping investors on the sidelines until clearer signals emerge. Clean Tech’s Recent Rally: A Temporary Surge? Despite the overall uncertainty, Clean Tech stocks have experienced a notable upswing ov

Cantor Fitzgerald analyst Andres Sheppard reiterates Archer Aviation (NYSE:ACHR) with a Overweight and maintains $10 price target.

On Tuesday, July 16, 2024, the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) approved an award involving sales and use tax exclusion incentives related to Archer's planned advanced manufacturing project in the State of CaliforniaThis award, which is believed to be CAEATFA's largest to date in the advanced air mobility industry, will support Archer's planned expansion of its state-of-the-art electric powertrain and aircraft production facilities intended to support its commercializationArcher was selected after a highly competitive application process that looked closely at the project's impact on the environment, its ability to create jobs and stimul

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume ACHR CALL TRADE BEARISH 10/18/24 $6.00 $1.0 million 20.4K 69.3K CHPT CALL SWEEP BULLISH 08/02/24 $2.5

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume ACHR CALL SWEEP BEARISH 10/18/24 $6.00 $164.8K 1.6K 15.3K HON PUT TRADE NEUTRAL 09/20

Cantor Fitzgerald analyst Andres Sheppard reiterates Archer Aviation (NYSE:ACHR) with a Overweight and maintains $10 price target.

Shares of ASP Isotopes Inc. (NASDAQ:ASPI) fell during Friday's session after the company announced pricing of a $30 million public offering of 12 million shares at $2.50 per share. ASP Isotopes shares fell 9.2% to $3.2308 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Vicinity Motor Corp. (NASDAQ:VEV) shares jumped 133.2% to $0.7910 after the company announced CARB certification for the VMC 1200 class 3 electric truck. Qualigen Therapeutics, Inc. (NASDAQ:QLGN) shares rose 110% to $0.4335. TOYO Co., Ltd (NASDAQ:TOYO) climbed 63.4% to $2.5322. Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) jumped 58% to $9.52 foll