After Archer Recently Received FAA Certificate Necessary To Begin Flying Midnight Aircraft
Portfolio Pulse from Benzinga Newsdesk
Archer has received a Special Airworthiness Certificate from the Federal Aviation Administration (FAA) for its Midnight aircraft, allowing it to begin flight test operations. The FAA has also started approving certification plans for Archer's production aircraft, which will enable Archer to begin piloted testing of Midnight in early 2024. The aircraft is expected to be the first-ever eVTOL to be delivered to a customer under Archer's recently announced AFWERX contracts worth up to $142M.
August 16, 2023 | 1:12 pm
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POSITIVE IMPACT
Archer's receipt of the FAA certification for its Midnight aircraft is a significant step towards its goal of bringing eVTOL aircraft to market. The approval of certification plans for Archer's production aircraft also indicates progress in its operations.
The FAA certification is a crucial regulatory approval that allows Archer to begin flight test operations for its Midnight aircraft. This is a significant milestone in Archer's plans to bring eVTOL aircraft to market. The FAA's approval of certification plans for Archer's production aircraft also indicates that the company is making progress in its operations, which could positively impact its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100