Archer Aviation (ACHR) Post Q2 Loss; Secures $215M Investment From Stellantis, Boeing, Others
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Archer Accelerates Path to Market: Secures $215M Investment From Stellantis, Boeing, United Airlines, ARK Invest and Others; FAA Issues Archer Certificate to Begin Flying Midnight; On Track to Complet
August 10, 2023 5:05 PM EDTArcher Announces Second Quarter 2023 Financial and Operating Results
Archer secures $215 million investment, which includes Stellantis, Boeing, United Airlines, and ARK Investment Management LLC (ARK Invest), increasing Archers total funding to date to over $1.1 billion, bolstering Archers path to FAA certification and commercial operations in 2025 Midnight receives FAA Special Airworthiness Certificate, expected to begin flight test and become the first eVTOL aircraft to be delivered to a customer as part of Archers contracts with the Department of Defense (DoD) Long-term strategic partner, Stellantis, leads investment round by accelerating investment under... MoreWisk Aero, Archer, and Boeing Reach Agreement To Settle Litigation and Enter into Autonomous Flight Collaboration; Boeing Invests in Archer’s Latest Funding Round
August 10, 2023 4:55 PM EDTMOUNTAIN VIEW, Calif. & SANTA CLARA, Calif.--(BUSINESS WIRE)-- Wisk Aero (Wisk) and Archer Aviation (Archer) (NYSE: ACHR), leaders in the Advanced Air Mobility (AAM) market, along with The Boeing Company (Boeing) (NYSE: BA), today announced that they have reached a settlement to resolve the federal and state court litigation between the parties on undisclosed terms.
Simultaneously, the parties have entered into a collaboration that looks forward to the growth and development of the AAM industry. Archer has agreed to make Wisk its exclusive provider of autonomy... More
Archer Announces Time Change for Second Quarter 2023 Earnings Call from 2:00 PM to 3:00 PM PT
August 10, 2023 4:10 PM EDTSANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE: ACHR) today announced that it has changed the time of its second quarter 2023 earnings conference call and corresponding live webcast from 2:00 PM PT (5:00 PM ET) to 3:00 PM PT (6:00 PM ET) on the same date. The access information has not changed... More
