Archer Aviation reports Q4 adjusted EBITDA ($94.8M) vs. ($85.2M) last year

The company states: “Our Launch Edition program aims to establish a pragmatic and repeatable playbook to deploy Midnight commercially to dozens of early adopter markets in advance of type certification of the aircraft by the FAA. Abu Dhabi Aviation, the largest commercial helicopter operator in the Middle East, plans to deploy the first Midnight aircraft later this year as the company’s first Launch Edition customer. We are now starting production of our first Midnight aircraft at our ARC facility in Covington, GA. We are planning to build up to 10 Midnight aircraft this year to support our ongoing certification-related testing programs and deployments with key partners. We believe this will help us build operational expertise, generate revenue and strengthen long-term demand.”