Dutch automotive manufacturer Stellantis and Archer Aviation have announced a collaboration to produce the latter’s Midnight eVTOL aircraft, an electric vertical take-off and landing (eVTOL) aircraft for use in urban air mobility networks. Being the exclusive contract manufacturer, the Amsterdam-headquartered Stellantis will mass produce Archer Aviation’s eVTOL aircraft and provide up to $150 million in […]
Archer, an electric aircraft start-up, has agreed to merge with Atlas Crest Investment, a special purpose acquisition company (SPAC), in a deal valued at around $3.8 billion. The merger will enable Archer to become a publicly listed company that will trade on the New York Stock Exchange (NYSE) under the ticker symbol – ACHR. Ken […]
Archer has bagged a four-year contract extension worth up to $100 million from Apache Corporation for providing platform drilling operations and maintenance services for certain UK North Sea fields. The fields that are part of the contract are Beryl Alpha and Bravo, Forties Alpha, Bravo, Charlie, and Delta. The oil services company said that the […]