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Theo

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Theo

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Tuesday, 02/27/2024 8:33:58 AM

Tuesday, February 27, 2024 8:33:58 AM

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News (Re-cap): Archer Announces Fourth Quarter and Full Year 2023 Results; Now In Final Phase of Midnight’s Certification Program as it Readies for Launch in 2025

Approximately 80% of Archer’s Midnight aircraft’s subsystems and components are sourced from leading aerospace suppliers with certification heritage giving it a significantly de-risked path to certification

Construction of three conforming Midnight aircraft underway as flight test program makes rapid progress and Archer expects to complete 400 test flights in 2024

On track to complete build out of volume manufacturing facility alongside Stellantis in Georgia later this year

Strong liquidity position of ~$625M at end of Q4 2023 with cash balances increasing QoQ
Bullish
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Theo ;-)

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