Archer Aviation has announced operating and financial results for the fourth quarter and fiscal year ended December 31, 2023.

The company issued a shareholder letter discussing those results, as well as its first quarter 2024 estimates.

It also confirmed that it remains on track to complete construction of a high volume manufacturing facility in Georgia this year, which is designed to support production of up to 650 aircraft annually.

The vast majority of Midnight’s subsystems and components are sourced from leading aerospace suppliers with certification heritage giving it a significantly de-risked path to certification.

Commenting on fourth quarter and full year 2023 results, Adam Goldstein, Archer’s CEO said: “The Archer team is excited to announce that Midnight is now in the final phase of its certification programme.

“With the vast majority of the aircraft’s subsystems and components being sourced from leading aerospace suppliers with certification heritage we have a significantly de-risked path to certification from here.

“2024 will be all about building conforming Midnight aircraft to be used in piloted for credit testing with the FAA and completing the build out, alongside Stellantis, of our volume manufacturing facility in Georgia.

“We’re not just innovating within the realm of transportation, we’re redefining it, turning once-dreamt-of flying cars into an everyday reality.”
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