What Happened
Expanding Strategic Footprint In Advanced Air Mobility
Archer Aviation is advancing its FAA certification for the Midnight aircraft, a four-passenger eVTOL designed for short-haul urban routes. The company is expanding its strategic footprint through partnerships with Stellantis and United Airlines, as well as a planned acquisition of Wisk Aero, Insitu, and SkyGrid from Boeing. Management targets a year-end closing of the Boeing deal, which would significantly broaden Archer’s revenue base and technology portfolio. According to the article from Unknown Source.