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Archer Receives $10 million Pre-Supply Fee From United Airways for 100 eVTOL Plane – sUAS Information – The Enterprise of Drones


Aug 12, 2022
Archer Receives  million Pre-Supply Fee From United Airways for 100 eVTOL Plane – sUAS Information – The Enterprise of Drones

  • Monetary dedication is the newest vote of confidence by United within the Archer staff, after United’s 2021 conditional buy of Archer’s eVTOL plane
  • $10 million pre-delivery cost for 100 of Archer’s manufacturing eVTOL plane is believed to be one of many first of its variety within the business
  • Deposit has broader implications for the eVTOL business, validating curiosity and confidence within the impending commercialization efforts underway throughout the house
  • Deposit solidifies United’s place as a frontrunner in sustainable and modern transportation

Archer Aviation Inc. (NYSE: ACHR) as we speak introduced that it has acquired a $10 million pre-delivery cost from United Airways for 100 of the corporate’s preliminary manufacturing eVTOL plane. The cost represents a watershed second for the eVTOL business, validating confidence within the commercialization of eVTOL plane and Archer’s management. United is making the deposit on 100 of Archer’s manufacturing plane which it agreed to buy in 2021.

Archer not too long ago accomplished its manufacturing plane’s Preliminary Design Assessment (PDR) and is now advancing to the following stage of its improvement and commercialization efforts. The PDR is a meticulous assessment of the plane design to make sure this system is on observe and the design is mature sufficient to proceed to the following improvement section and kick-off of manufacturing of lengthy lead time {hardware}. The PDR lays out all facets of the plane’s specs and manufacturing necessities, mandatory pre-conditions for determinations that the design is possible for regulatory compliance and viable to convey to market. United’s resolution to put a deposit for 100 of Archer’s eVTOL plane indicators its need to be one of many first airline operators within the U.S. to convey eVTOL plane to market.

The pre-delivery money deposit continues a pattern of sturdy help by the airline all through improvement of its plane. Not too long ago, United shaped a Joint eVTOL Advisory Committee with Archer, permitting the events to work extra carefully on eVTOL upkeep and operational issues. Committee members embody Archer’s operations and upkeep management, in addition to management from United’s upkeep, supplies, and engineering teams. 

“I’m extremely pleased with the whole Archer staff as we attain this milestone in our partnership with United Airways. To obtain a money deposit is validation of Archer’s achievements to this point, not solely with flight testing and product improvement, but in addition an excellent sign of confidence in our roadmap to commercialization” mentioned Adam Goldstein, Archer’s CEO. “We’re grateful to United for his or her continued partnership as we usher on this new period in air journey.”

“This announcement marks a brand new vital section in our relationship with Archer, and our dedication to EVTOL know-how. We’re witnessing an inflection level the place customers, companies, and policymakers are all aligned to prioritize know-how that reduces the influence of local weather change,” mentioned Michael Leskinen, President of United Airways Ventures. “United Airways Ventures has invested in a various roster of firms working in help of our aim to succeed in carbon neutrality by 2050, with out the usage of conventional carbon offsets. We consider eVTOLs have the potential to each assist obtain carbon-neutral journey and function an modern new software to alter how United clients expertise consolation, comfort, and effectivity throughout their commutes inside cities throughout the globe.” 

About Archer

Archer is designing and growing electrical vertical takeoff and touchdown plane to be used in city air mobility networks. Archer’s mission is to unlock the skies, liberating everybody to reimagine how they transfer and spend time. Archer’s staff relies in Santa Clara, CA.

To study extra, go to www.archer.com.

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