Strong Liquidity Position
Archer reported $501.7 million in cash and cash equivalents, marking the strongest cash position in the last 18 months, not including up to $400 million from Stellantis.
FAA Certification Progress
Archer completed nearly all compliance planning and received FAA approval for 12% of the compliance verification documents required for type certification.
International Expansion and Partnerships
Archer signed an agreement with Japan Airlines and Sumitomo Corporation's JV for up to $500 million in aircraft orders, and received initial predelivery payments.
UAE Commercialization Strategy
Plans for launching commercial air taxi services in UAE by Q4 2025 with significant regulatory and infrastructure support from Abu Dhabi Investment Office.
Manufacturing Facility On Track
Archer's manufacturing facility in Georgia, costing approximately $65 million, is set to open, with plans to produce up to 650 aircraft per year.