Archer: USAF pays initial $1M related to eVTOL on contracts valued up to $142M

Archer Aviation announced today that the U.S. Air Force has provided the company with its first installment of nearly $1M on their recently announced contracts valued at up to $142M. The initial payment is expected to be the first of many payments made to Archer by the U.S. Air Force and signals the ongoing advancement of the partnership from signature to execution as the AFWERX Agility Prime program works diligently with Archer to assess the transf ormational potential of the vertical flight market and eVTOL technologies for DoD purposes. With its vertical takeoff and landing capabilities, target payload of approximately 1,000lbs, proprietary electric powertrain system, and low noise profile, Archer’s Midnight aircraft represents a potential paradigm shift in military aviation and operations. Several more of Archer’s deliverables are already underway with the U.S. Air Force as part of the contracts, which include the sharing of wind tunnel testing reports, project specific certification plans and Subject Specific Certification Plans.