Archer Completes Construction of High-Volume Manufacturing Facility
Archer Aviation Inc. Class A (ACHR)
Company Research
Source: Business Wire
Earlier this week Archer received the certificate of occupancy for its ~400,000 square foot aircraft manufacturing facility—referred to as ARC—in Covington, GA and held a commemorative ribbon cutting ceremonyTooling load-in is already underway ahead of the planned start of initial production beginning in early 2025, with the goal being to ramp production to a rate of two aircraft per month by the end of the yearStellantis and Archer are working to finalize an agreement pursuant to which Stellantis would work with Archer as its exclusive contract manufacturer to mass produce Archer’s Midnight eVTOL aircraft at this facility, contributing capital, advanced manufacturing technology and expertise and experienced personnel with the goal of scaling this facility to 650 aircraft annually by 2030 COVINGTON, Ga.--(BUSINESS WIRE)--Archer Aviation Inc. (NYSE : ACHR) announced today that earlier this week it received the certificate of occupancy for its high-volume manufacturing facility, ARC,
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ACHR
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/19/24 - Form SCHEDULE
- ACHR's page on the SEC website