Archer's Midnight Aircraft Completes Phase 1 Of Flight Test Program
Portfolio Pulse from Benzinga Newsdesk
Archer's Midnight aircraft has successfully completed Phase 1 of its flight test program in just three months. The aircraft's battery system has been upgraded with high voltage packs from Archer's San Jose manufacturing line. The program is progressing swiftly towards a full wing-borne transition flight in Phase 2, with FAA 'for credit' testing expected to start later this year.
January 31, 2024 | 2:05 pm
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Archer has completed Phase 1 of flight testing for its Midnight aircraft, featuring upgraded battery systems. The program is on track for FAA testing later this year, indicating progress in its development timeline.
The successful completion of Phase 1 of the flight test program and the upgrade of the battery system are positive developments for Archer. These milestones demonstrate progress in the aircraft's development and keep the certification program on schedule. This news is likely to be viewed positively by investors and could lead to a short-term increase in Archer's stock price.
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