Archer Aviation Inc.

Overview

Archer Aviation Inc. is a U.S. aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft and technologies for advanced air mobility, including air-taxi services. Its principal aircraft is Midnight, a piloted, all-electric air taxi designed to carry a pilot and four passengers. The company describes its mission as engineering the next era of flight.[1][2]

Archer was founded in 2018 and has U.S. facilities in California and Georgia; it has also identified the UAE as a key market for future international service. At December 31, 2025, it reported 1,660 workers, including employees and contingent workers. It reported $5.0 million in revenue for the second quarter of 2026 and $6.6 million for the first half of 2026.[3]+3 [5]+5

Products & services

Archer’s Midnight is an all-electric eVTOL designed for piloted air-taxi service. Announced design targets are up to 100 miles of range and 150 mph, with seating for four passengers plus a pilot; these are targets, not certified commercial operating specifications.[6] Archer plans passenger services connecting population and business centers with transport hubs, working with airline and vertiport partners. Its Launch Edition offering includes aircraft, technologies, and services for governments and customers in selected international markets, including preparations for passenger operations and a vertiport network in the UAE.[7]+2

The company is also developing Halo, a hybrid-electric autonomous VTOL platform for commercial and defense applications; its commercial uses are expected to focus primarily on cargo and rescue. The defense variant is named Thunder.[10][11] Archer’s ZEE product is an aviation-focused AI model that integrates aviation and environmental information—including air traffic data, communications, maps, aircraft state, terrain, and weather—to support operator and pilot decisions.[12]

Archer also provides airport-related services. In the second quarter of 2026, it reported $5.0 million in revenue: $3.0 million from fixed-base-operator services, $1.0 million from leases, and $1.0 million from other revenue. These figures describe revenue categories, not a product or aircraft-sales mix; the filing does not provide a percentage breakdown for aircraft products.[13][14] [7]+8

Geographic presence

Archer’s U.S. footprint is centered in Silicon Valley, with its headquarters and Golden Manufacturing Line in San Jose, an innovation hub in Hawthorne, California, flight-test facilities at Salinas Municipal Airport, and offices and research facilities in the San Francisco Bay Area and Huntington Beach. Its high-volume manufacturing facility is in Covington, Georgia; Archer has also announced a Huntington Beach facility for its defense program.[15]+4

Its identified U.S. early-operation markets include Florida, Texas, and New York. The United Arab Emirates is a principal international launch market, with planned activity and a partner-supported vertiport network in Abu Dhabi and elsewhere in the UAE.[8][9]

Archer does not report revenue percentages by geography in the reviewed filings. Its early airport-related revenue is associated with Hawthorne, California, where space-leasing revenue began in late 2025 and FBO revenue in 2026.[19]+2 [15]+9

Business segments

Archer Aviation reports one operating segment and one reportable segment, assessed on a consolidated basis; it does not disclose revenue or contribution percentages for multiple segments. Its 2025 Form 10-K segment disclosure is consistent with the Q2 2026 filing.[21][20]

The company describes commercial and defense as lines of business, not separately reported segments. Commercial activities include aircraft and related technology and services, planned direct-to-consumer air-taxi services in selected metropolitan areas, and aviation hangar leases at Hawthorne Airport. Defense activities focus on aircraft and related technologies for defense applications.[22] Archer identifies its Midnight eVTOL aircraft as purpose-built for air-taxi operations.[23]

No percentage split between commercial and defense is disclosed, so contributions by those lines cannot be reliably estimated from reported segment data. Archer reported $0.3 million in consolidated revenue for 2025, but did not allocate that amount between the business lines.[24] [21]+4

Company history

Archer Aviation was founded in 2018 by Adam Goldstein and Brett Adcock. In 2021, it agreed to combine with Atlas Crest Investment Corp. and announced a conditional aircraft purchase agreement with United Airlines. The merger closed in September 2021, and Archer began trading on the New York Stock Exchange as ACHR that month.[25]+2

Archer reported Maker’s first hover flight in December 2021 and its first full transition flight in November 2022; that month it also unveiled Midnight, its production aircraft. In 2022, Goldstein became sole CEO and Adcock left the company. Archer expanded its manufacturing partnership with Stellantis in 2023 and, with Boeing and Wisk Aero, agreed to settle litigation and collaborate on autonomous flight. Midnight made its first flight in October 2023 and completed a transition flight in June 2024.[28]+7 [25]+10

Sources

• www.archer.com[1]
• archer.com[2]
• www.brettadcock.com[3]
• www.sec.gov[4]
• Archer Aviation Inc. — Full financial report (2026 Q 2)
  10 citations

  [5][7][8][9][10][12][13][14][19][20]
• investors.archer.com[6]
• archer.com[11]
• Archer Aviation Inc. — Full financial report (2025 Y)
  6 citations

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• investors.archer.com[17]
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