The Latest Breaking News from Archer

The well decommissioning company employs 50 people with an Aberdeenshire base

Carmaking giant Stellantis wants to mass produce "air taxis" designed to carry a handful of passengers on short trips high above road traffic, the company announced this week. It plans to invest up to $150 million in Archer Aviation, which has developed an electric aircraft that can take off and…

SAN FRANCISCO: As urban traffic gets more miserable, entrepreneurs are looking to a future in which commuters hop into "air taxis" that whisk them over clogged roads.

Anytime a company or sector has a trillion-dollar market opportunity, it causes some excitement for investors. That’s what happened Thursday with a new analyst note on a company that went public via SPAC merger in 2021.

Archer Aviation Inc (NYSE:ACHR) and Hexcel Corp (NYSE:HXL) entered into a letter of intent regarding the supply of carbon fiber material used to manufacture production aircraft. As per the proposed relationship terms, Hexcel will provide Archer with high-performance carbon fiber and resin systems, also known as prepreg, needed to fabricate composite parts for Archer's production…

Will Mellor, 45 and Ralf Little, 42, reminisced on the 'good times' as they posed outside The Archer in Cheshire

Propelled by biofuels and European regulations, aviation technology is on a flight path toward greener energy options.

Archer Aviation Inc (NYSE:ACHR) reported a fourth-quarter net loss of $(43.3) million, a sequential decrease from $(176.7) million in 3Q21, driven primarily by a decrease in stock-based compensation of $83.9 million. Adjusted EBITDA loss expanded to $(32.4) million from $(28.3) million in Q3. Total operating expenses were $53.3 million for the quarter,…