Archer Aviation Inc.

Stellantis N.V.

This morning - $ACHR, one of the leaders in the EVTOL space, announced a partnership with the United States Air Force worth up to $142 million. Building off of research and development work that began in 2021, this deal includes the delivery of up to six of Archer's Midnight Aircraft (their flagship model) and the sharing of flight test data, pilot training agreements, and more.

The Midnight, is designed for a pilot and four passengers to carry 1,000 pounds in back to back 20 mile trips within a large city (like New York) or between close cities (like San Francisco & Oakland).

Building on their partnership with $STLA for manufacturing expertise, Archer is building their manufacturing plant in Georgia, with the capability of producing 650 aircraft per year.

With the hiring of former FAA Administrator Billy Nolen as the Chief Safety Officer, Archer is planning on FAA certification by late 2024, with its urban air mobility taxi service launching in 2025.

This agreement also builds upon the initial agreement Archer had in 2021, where United Airlines signed an agreement worth $1.5 billion to purchase 200 aircraft for the purpose of ferrying passengers between hubs or from airports.

While my current buy of Archer isn't reflecting, I have been following this stock since 2021 and initiated an initial position in February of 2023 (which I later sold). I recently re-entered the stock prior to today's 35% jump.

I opened a “for shits and giggles” position in $ARCHWS in Feb 2022. This news made those warrants very happy. Let’s keep it rolling!

AverageInvestor

I had to Google EVTOL again, so for anyone else who needs their brain jogged:
EVTOL = Electric Vertical Take-Off and Landing vehicle

Andy Buchanan

Woah, I did not know we were so far along with certification! Is it likely they get approved to fly in late 2024? That is so soon if true. It would be nuts to see functioning air taxi services in 2025 🤩🤯

Nathan Worden

Nice play! I’ve been watching the company since its SPAC days, and I do think both them and Joby have a bright future 

Jared Watson

$ACHR Secures Deal with U.S. Air Force and Brings "Future of Transportation" EVTOLs Closer to Reality

New position in ACHR

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