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The following content is a news release distributed by Business Wire. The original news release may be found here.

Archer Announces Key Terms Of Contract Manufacturing Relationship With Stellantis–Representing Up To ~$400M To Help Scale Midnight Production To 650 Aircraft Annually–Secures $230M In Additional Equity Capital From Strategic & Institutional Investors

Distributed by Business Wire8 Aug 2024

SANTA CLARA, Calif.--(BUSINESS WIRE)--Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the second quarter ended June 30, 2024. The Company issued a shareholder letter discussing those results, as well as its third quarter 2024 estimates. The shareholder letter may be accessed on the Company’s investor relations website here. Commenting on second quarter 2024 results, Adam Goldstein, Archer’s CEO said: “This has been one of Archer’...

Read the full news release here

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