Archer Constructs Three Conforming Piloted Aircraft; Used In FAA "For Credit" Testing
Portfolio Pulse from Benzinga Newsdesk
Archer is advancing in its FAA certification process by constructing three piloted Midnight aircraft that conform to the intended type design. The manufacturing of key components is in progress, with final assembly to start soon in San Jose, California. These aircraft will be utilized in FAA 'for credit' testing, marking a significant step towards Archer's commercialization goal in 2025.
February 07, 2024 | 2:04 pm
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Archer's progress in constructing three piloted Midnight aircraft for FAA 'for credit' testing is a significant step towards its 2025 commercialization goal.
The construction of three piloted aircraft that conform to FAA's intended type design is a critical milestone for Archer. This development not only demonstrates the company's commitment to meeting regulatory standards but also significantly advances its timeline towards commercialization. Investors are likely to view this progress positively, as it reduces regulatory risk and enhances the company's credibility in achieving its 2025 commercialization target.
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