Archer Aviation reports Q4 net loss of ($109.1M)

Commenting on fourth quarter and full year 2023 results, Adam Goldstein, Archer’s CEO said: “The Archer team is excited to announce that Midnight is now in the final phase of its certification program. With the vast majority of the aircraft’s subsystems and components being sourced from leading aerospace suppliers with certification heritage we have a significantly de-risked path to certification from here. 2024 will be all about building conforming Midnight aircraft to be used in piloted for credit testing with the FAA and completing the build out, alongside Stellantis, of our volume manufacturing facility in Georgia. We’re not just innovating within the realm of transportation, we’re redefining it, turning once-dreamt-of flying cars into an everyday reality.”