Archer X U.S. Air Force | Archer Enters Into Largest Total Contract Value with Air Force at $142M

Archer lands the largest total contract value with the U.S. Air Force of any OEM in the eVTOL industry; with a total value of up to $142M. The U.S. military has always focused on ensuring our country maintains our edge with emerging technology. With Archer recently completing the manufacturing of its first Midnight aircraft, the U.S. Department of Defense recognizes that its vertical takeoff and landing capabilities, ~1,000lbs of payload, proprietary electric powertrain system, and low noise profile, represent a potential paradigm shift in military aviation and operations. This new execution phase of Archer’s partnership with the Air Force’s AFWERX program includes the delivery of up to 6 Midnight aircraft. Over the long term, the goal is to deploy Midnight at scale for use in personnel transport and logistics support, rescue operations and more. These new contracts set the table for Archer’s relationship with the DOD to continue to grow as they’re structured in a way that allows other military branches the opportunity to leverage them as a platform for additional projects and investment. Learn more: Join our community: Website: Instagram: Twitter: LinkedIn: TikTok: @flyarcher Facebook: About Archer: Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer’s team is based in Santa Clara, CA. (NYSE: $ACHR)