U.S. Air Force and Archer Enter Into Contracts Worth Up to $142 Million Representing Landmark Investment In eVTOL Technology by U.S. Military
31 Julho 2023 - 6:00AM
Business Wire
- Archer has been partnering with the Department of Defense (DoD)
since 2021 on a series of projects through the Air Force’s AFWERX
program with the goal of helping the AFWERX Agility Prime program
assess the transformational potential of the vertical flight market
and eVTOL technologies for DoD purposes
- This new execution phase of the partnership includes the
delivery of up to 6 of Archer’s Midnight aircraft, which the Air
Force is targeting for use in personnel transport and logistics
support, rescue operations and more
- This expansion of Archer’s partnership with the DoD represents
a significant investment in the future of the country and will help
ensure the U.S. maintains its leadership position in aviation
- The other military branches have the opportunity to leverage
these contracts as a platform for additional projects, which could
increase the total value of Archer’s DoD partnership
Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical
takeoff and landing (eVTOL) aircraft, today announced that it has
significantly expanded its partnership with the DoD by signing new
contracts with the U.S. Air Force with a total value of up to $142
million. The new contracts signal the U.S. military's recognition
of the transformative potential Archer’s innovative eVTOL aircraft
brings to our country’s Armed Forces. This new execution phase of
the partnership includes the delivery of up to six of Archer’s
Midnight aircraft to the Air Force, the sharing of additional
flight test data and certification related test reports, pilot
training, and the development of maintenance and repair operations.
As a result of these contracts, Archer will create and provide
innovative capabilities that will strengthen the national defense
of the United States of America.
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Archer's Midnight aircraft (Photo:
Business Wire)
Archer has been partnering with the DoD since 2021 on a series
of projects through the U.S. Air Force’s AFWERX program with the
goal of helping the AFWERX Agility Prime program assess the
transformational potential of the vertical flight market and eVTOL
technologies for DoD purposes. Now, with Archer recently completing
the manufacturing of its first Midnight aircraft, the DoD
recognizes that with its vertical takeoff and landing capabilities,
target payload of approximately 1,000lbs, proprietary electric
powertrain system, and low noise profile, Archer’s aircraft
represents a potential paradigm shift in military aviation and
operations. These aircraft hold the promise of enhancing rapid
response, agility, and operational effectiveness across a wide
range of mission profiles, from personnel transport and logistics
support to rescue operations and more. Archer’s Midnight aircraft
are expected to provide a much safer and quieter alternative to
helicopters while being more cost-effective for the U.S. military
to transport, operate and maintain in the field.
“This historic agreement reflects the steadfast commitment by
our Armed Forces to embrace the cutting-edge technology our eVTOL
aircraft offer,” said Adam Goldstein, Archer’s Founder and CEO.
“It’s clear that the development and commercialization of eVTOL
technology continues to remain a national priority. We look forward
to working closely with the U.S. Department of Defense and the U.S.
Air Force to integrate Midnight into their operational fleet with a
focus on transport, logistics and rescue operations.”
“It is our mission to ensure the U.S. continues to lead the
world in developing and deploying emerging aerospace technology,”
said Colonel Tom Meagher, the lead for AFWERX Agility Prime
programs. “eVTOL aircraft represent the cusp of the third
revolution in aerospace, and these aircraft and their descendants
will drive advances in capabilities and efficiency. Our contracts
with Archer Aviation provide the U.S. Department of Defense and
U.S. Air Force the opportunity to play a role in ensuring from the
onset, and as the technology evolves, that we unlock the many
benefits these aircraft have to offer the U.S. military.”
“As a retired senior military leader who was responsible for
U.S. forces, operations and activities throughout the continent of
Africa, I’m thrilled with this agreement and its potential impact
on the capabilities of our Armed Forces,” said Retired 4-Star
General and Archer Government Services Advisory Board Member, Steve
Townsend. “The United States has always been at the forefront of
technological innovation, and this partnership demonstrates our
nation’s commitment to maintain that position. I commend the
visionary leadership at DoD which led to this contract and Archer's
dedication to pushing the boundaries of aviation technology.”
This announcement comes on the heels of Archer announcing the
formation of the company’s Government Services Advisory Board in
May. The goal of the advisory board is to allow Archer to more
fully engage with U.S. government and public safety agencies to
explore opportunities to commercialize its eVTOL aircraft. The
members of this advisory board are assisting and facilitating
Archer’s direct engagement with appropriate government agencies and
officials to advance both consideration and implementation of
Archer’s eVTOL aircraft and related technologies. The board
includes Retired 4-star General Steve Townsend, Retired 3-star
Lieutenant General David A. Krumm, Retired 3-star Vice Admiral Ron
Boxall, Retired 2-star General Clayton M. Hutmacher, Retired 2-star
General Bill Gayler, and Retired Chief Warrant Officer 4 Michael J.
Durant.
“The views expressed are those of the author and do not
necessarily reflect the official policy or position of the
Department of the Air Force, the Department of Defense, or the U.S.
government.”
Forward-looking Statements This press release contains
forward looking statements regarding Archer’s future business plans
and market opportunities, including statements regarding the
performance and development of its aircraft, business
opportunities, and potential value of its relationship with the
DoD. These forward-looking statements are only predictions and may
differ materially from actual results due to a variety of factors.
The risks and uncertainties that could cause actual results to
differ from the results predicted are more fully detailed in
Archer’s filings with the Securities and Exchange Commission,
including its most recent Annual Report on Form 10-K, available at
www.sec.gov. In addition, please note that any forward-looking
statements contained herein are based on assumptions that Archer
believes to be reasonable as of the date of this press release.
Archer undertakes no obligation to update these statements as a
result of new information or future events.
About Archer Archer is designing and developing electric
vertical takeoff and landing aircraft for use in urban air mobility
networks. Archer’s mission is to unlock the skies, freeing everyone
to reimagine how they move and spend time. Archer's team is based
in Santa Clara, CA.
To learn more, visit www.archer.com.
About Air Force Research Laboratory (AFRL) Sole
organization leading the planning and execution of U.S. Air Force
& U.S. Space Force science & technology programs.
Orchestrates a world-wide government, industry & academia
coalition in the discovery, development & delivery of a wide
range of revolutionary technology. Provides leading-edge
warfighting capabilities keeping air, space and cyberspace forces
the world's best. Employs 10,800 military, civilian and contractor
personnel at 17 research sites executing an annual $4B budget. For
more information, visit: www.afresearchlab.com.
About AFWERX The innovation arm of the Department of the
Air Force (DAF) and a directorate within AFRL. Brings cutting-edge
American ingenuity from small businesses and start-ups to address
the most pressing challenges of the DAF. Employs military, civilian
and contractor personnel at six hubs and sites executing an annual
$1.4B budget. Since 2019, has executed 4,671 contracts worth more
than $2B to strengthen the U.S. defense industrial base and drive
faster technology transition to operational capability. For more
information, visit: www.afwerx.com.
Source: Archer Text: ArcherIR
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