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Stellantis will fund up to $370m of the anticipated manufacturing labour costs necessary to support Archer’s planned manufacturing ramp to 650 aircraft annually.
Archer remains on track to complete construction of its high-volume manufacturing facility in Georgia later this year. This first phase is a facility designed to support production of up to 650 aircraft annually.
Archer reports that it is on track to deliver the Midnight aircraft to the U.S. Air Force later this year or early next year. Archer believes this would make Midnight the first ever eVTOL aircraft delivered to a customer.
Archer brings its team of eVTOL, electric powertrain and certification experts while Stellantis will contribute advanced manufacturing technology and expertise, experienced personnel and capital to the partnership.