{"id":788107,"date":"2023-10-04T12:52:02","date_gmt":"2023-10-04T16:52:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/"},"modified":"2023-10-04T12:52:02","modified_gmt":"2023-10-04T16:52:02","slug":"archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/","title":{"rendered":"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b><i>U.S. Air Force moves quickly to begin executing on recently announced contracts, pays Archer nearly $1M for a mobile flight simulator as the first installment of landmark contracts valued at up to $142 Million<\/i><\/b><\/li>\n<li><b><i>U.S. Air Force and Archer will begin training Air Force pilots and personnel on Archer&#8217;s eVTOL aircraft capabilities through flight simulation before advancing to piloted flight testing with Archer\u2019s Midnight aircraft<\/i><\/b><\/li>\n<\/ul>\n<p>SANTA CLARA, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Farcher.com%2F&amp;esheet=53576706&amp;newsitemid=20231004830384&amp;lan=en-US&amp;anchor=Archer+Aviation+Inc.&amp;index=1&amp;md5=906c0d55182e9aef9f6f2c1871c04743\">Archer Aviation Inc.<\/a> (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced today that the U.S. Air Force has provided the company with its first installment of nearly $1M on their recently announced contracts valued at up to $142 million. The initial payment is expected to be the first of many payments made to Archer by the U.S. Air Force and signals the ongoing advancement of the partnership from signature to execution as the AFWERX Agility Prime program works diligently with Archer to assess the transformational potential of the vertical flight market and eVTOL technologies for DoD purposes.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20231004830384\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20231004830384\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231004830384\/en\/1906663\/4\/Archer_Midnight_Air_Force_First_Payment_Image.jpg\" alt=\"With its vertical takeoff and landing capabilities, target payload of approximately 1,000lbs, proprietary electric powertrain system, and low noise profile, Archer\u2019s Midnight aircraft represents a potential paradigm shift in military aviation and operations. (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">With its vertical takeoff and landing capabilities, target payload of approximately 1,000lbs, proprietary electric powertrain system, and low noise profile, Archer\u2019s Midnight aircraft represents a potential paradigm shift in military aviation and operations. (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nThe initial payment is related to a contracted deliverable for a mobile flight simulator which the U.S. Air Force and Archer will use together to train pilots, assess flight controls and improve U.S. Air Force personnel\u2019s understanding of the operational capabilities of Archer\u2019s civilian use eVTOL aircraft platform and potential future development of aircraft for Air Force use. The simulator will also be deployed to key public and industry events to increase public awareness and engagement with eVTOL technology.<\/p>\n<p>\nSeveral more of Archer\u2019s deliverables are already underway with the U.S. Air Force as part of the contracts, which include the sharing of wind tunnel testing reports, project specific certification plans (PSCP\u2019s) and Subject Specific Certification Plans (SSCP\u2019s).<\/p>\n<p>\n\u201cArcher\u2019s eVTOL technology can help maintain the United States\u2019 position as a global leader in aviation. To see our historic contract with the U.S. Air Force move from signature to execution at a rapid pace is a reflection of the strong commitment that the U.S. Department of Defense has made to securing our country&#8217;s future by investing in transformational technology,\u201d said Adam Goldstein, Archer\u2019s CEO and founder.<\/p>\n<p>\nWith its vertical takeoff and landing capabilities, target payload of approximately 1,000lbs, proprietary electric powertrain system, and low noise profile, Archer\u2019s Midnight 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\u2019s 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.<\/p>\n<p><i>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.<\/i><\/p>\n<p><b>About Archer<\/b><\/p>\n<p>\nArcher is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer\u2019s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer&#8217;s team is based in Santa Clara, CA.<\/p>\n<p>\nTo learn more, visit<b \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.archer.com&amp;esheet=53576706&amp;newsitemid=20231004830384&amp;lan=en-US&amp;anchor=www.archer.com&amp;index=2&amp;md5=af277b49eb7625aa5c51858596ec7604\">www.archer.com<\/a>.<\/p>\n<p><b>About AFRL<\/b><\/p>\n<p>\nThe Air Force Research Laboratory is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space and cyberspace force. With a workforce of more than 11,500 across nine technology areas and 40 other operations across the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fafresearchlab.com%2F&amp;esheet=53576706&amp;newsitemid=20231004830384&amp;lan=en-US&amp;anchor=www.afresearchlab.com&amp;index=3&amp;md5=731db67ed536d5a13f4cbb0dc97a4ff4\">www.afresearchlab.com<\/a>.<\/p>\n<p><b>About AFWERX<\/b><\/p>\n<p>\nThe innovation arm of the DAF and a directorate within the Air Force Research Laboratory brings cutting edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. Employs approximately 325 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: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.afwerx.com&amp;esheet=53576706&amp;newsitemid=20231004830384&amp;lan=en-US&amp;anchor=www.afwerx.com&amp;index=4&amp;md5=ce22a244a2219e324ef051587dfa2efb\">www.afwerx.com<\/a>.<\/p>\n<p><b>Archer Forward Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward looking statements regarding Archer\u2019s future business plans, including statements regarding the timing of Archer\u2019s development, commercialization, and certification of its eVTOL aircraft, performance and development of its aircraft, expected use cases, total potential value of its relationship with the DoD and business opportunities. 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\u2019s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53576706&amp;newsitemid=20231004830384&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=5&amp;md5=1501cfab51d32d6e7f45a44d7406820d\">www.sec.gov<\/a>. 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.<\/p>\n<p>\nSource: Archer<\/p>\n<p>\nText: ArcherIR<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20231004830384r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20231004830384\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20231004830384\/en\/<\/a><\/span><\/p>\n<p>\nThe Brand Amp &#8211; <a rel=\"nofollow\" href=\"mailto:Archer@TheBrandAmp.com\">Archer@TheBrandAmp.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Defense Air Transport Aerospace Manufacturing Contracts<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231004830384\/en\/1906661\/3\/Archer_Logo_Lockup_Black.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231004830384\/en\/1906663\/3\/Archer_Midnight_Air_Force_First_Payment_Image.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">With its vertical takeoff and landing capabilities, target payload of approximately 1,000lbs, proprietary electric powertrain system, and low noise profile, Archer\u2019s Midnight aircraft represents a potential paradigm shift in military aviation and operations. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million U.S. Air Force moves quickly to begin executing on recently announced contracts, pays Archer nearly $1M for a mobile flight simulator as the first installment of landmark contracts valued at up to $142 Million U.S. Air Force and Archer will begin training Air Force pilots and personnel on Archer&#8217;s eVTOL aircraft capabilities through flight simulation before advancing to piloted flight testing with Archer\u2019s Midnight aircraft SANTA CLARA, Calif.&#8211;(BUSINESS WIRE)&#8211;Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced today that the U.S. Air Force has provided the company with its first installment of nearly $1M on their recently &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-788107","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million U.S. Air Force moves quickly to begin executing on recently announced contracts, pays Archer nearly $1M for a mobile flight simulator as the first installment of landmark contracts valued at up to $142 Million U.S. Air Force and Archer will begin training Air Force pilots and personnel on Archer&#8217;s eVTOL aircraft capabilities through flight simulation before advancing to piloted flight testing with Archer\u2019s Midnight aircraft SANTA CLARA, Calif.&#8211;(BUSINESS WIRE)&#8211;Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced today that the U.S. Air Force has provided the company with its first installment of nearly $1M on their recently &hellip; Continue reading &quot;Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-04T16:52:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20231004830384\/en\/1906663\/4\/Archer_Midnight_Air_Force_First_Payment_Image.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million\",\"datePublished\":\"2023-10-04T16:52:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/\"},\"wordCount\":1058,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20231004830384\\\/en\\\/1906663\\\/4\\\/Archer_Midnight_Air_Force_First_Payment_Image.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/\",\"name\":\"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20231004830384\\\/en\\\/1906663\\\/4\\\/Archer_Midnight_Air_Force_First_Payment_Image.jpg\",\"datePublished\":\"2023-10-04T16:52:02+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20231004830384\\\/en\\\/1906663\\\/4\\\/Archer_Midnight_Air_Force_First_Payment_Image.jpg\",\"contentUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20231004830384\\\/en\\\/1906663\\\/4\\\/Archer_Midnight_Air_Force_First_Payment_Image.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/","og_locale":"en_US","og_type":"article","og_title":"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million - Market Newsdesk","og_description":"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million U.S. Air Force moves quickly to begin executing on recently announced contracts, pays Archer nearly $1M for a mobile flight simulator as the first installment of landmark contracts valued at up to $142 Million U.S. Air Force and Archer will begin training Air Force pilots and personnel on Archer&#8217;s eVTOL aircraft capabilities through flight simulation before advancing to piloted flight testing with Archer\u2019s Midnight aircraft SANTA CLARA, Calif.&#8211;(BUSINESS WIRE)&#8211;Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced today that the U.S. Air Force has provided the company with its first installment of nearly $1M on their recently &hellip; Continue reading \"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/","og_site_name":"Market Newsdesk","article_published_time":"2023-10-04T16:52:02+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20231004830384\/en\/1906663\/4\/Archer_Midnight_Air_Force_First_Payment_Image.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million","datePublished":"2023-10-04T16:52:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/"},"wordCount":1058,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20231004830384\/en\/1906663\/4\/Archer_Midnight_Air_Force_First_Payment_Image.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/","name":"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20231004830384\/en\/1906663\/4\/Archer_Midnight_Air_Force_First_Payment_Image.jpg","datePublished":"2023-10-04T16:52:02+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/#primaryimage","url":"https:\/\/mms.businesswire.com\/media\/20231004830384\/en\/1906663\/4\/Archer_Midnight_Air_Force_First_Payment_Image.jpg","contentUrl":"https:\/\/mms.businesswire.com\/media\/20231004830384\/en\/1906663\/4\/Archer_Midnight_Air_Force_First_Payment_Image.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-receives-first-u-s-air-force-payment-on-landmark-contracts-valued-at-up-to-142-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Archer Receives First U.S. Air Force Payment On Landmark Contracts Valued At Up To $142 Million"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/788107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=788107"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/788107\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=788107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=788107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=788107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}