Archer Aviation Manufacturing Milestone Summary:
Archer Aviation (NYSE: ACHR) has received the certificate of occupancy for its 400,000-square-foot aircraft manufacturing facility, ARC, located in Covington, Georgia, adjacent to the Covington Municipal Airport. A ribbon-cutting ceremony marked this milestone, with tooling load-in for the initial production line already underway.
Key Highlights:
Initial Production Timeline: Production is set to begin in early 2025, targeting a ramp-up to two aircraft per month by the end of the year.
Future Scaling Goals: Archer aims to scale the facility to produce 650 aircraft annually by 2030.
Partnership with Stellantis:
Stellantis will serve as Archer’s exclusive contract manufacturer for the Midnight eVTOL aircraft.
Stellantis contributes capital, advanced manufacturing technology, expertise, and personnel to support the facility’s scaling goals.
Economic and State Support:
Georgia Governor Brian Kemp praised Archer's project for creating quality jobs and fostering innovation in the state.
Congressman Mike Collins highlighted the economic benefits and technological advancements brought by the facility.
Industry Significance:
The ARC facility represents the transition of the eVTOL industry from R&D to commercialization.
Archer’s Midnight aircraft is designed for sustainable, low-noise urban air mobility solutions in congested cities.
Leadership Remarks:
Adam Goldstein, Archer’s founder and CEO, expressed pride in completing the facility on budget and emphasized the focus on execution and scaling.
Arnaud Deboeuf, Stellantis’ Chief Manufacturing and Supply Chain Officer, reaffirmed the collaboration to advance clean mobility in aviation.
This milestone positions Archer to commence production and scale operations to meet future demand for sustainable urban transportation solutions.
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