What Happened
eVTOL Developer Seeks Revenue Growth Through Acquisitions And Partnerships
Archer Aviation Inc. has announced its Q3 2026 results, reporting revenue of $5.1 million and a net loss of $274.6 million. The company’s Midnight aircraft has received its Market Survey Special Airworthiness Certificate from the FAA, allowing for piloted operations in Los Angeles. Archer is also nearing the close of its acquisition of Boeing’s Wisk, Insitu, and SkyGrid businesses, which is expected to add significant revenue. The company has begun testing its Halo/Thunder autonomous hybrid-electric VTOL platform and has formed a strategic alliance with Formula 1 to explore eVTOL air taxi services at Grand Prix events. This development was first reported by AviNews.