Archer Aviation (ACHR) Barclays 15th Annual Global Automotive and Mobility Tech Conference summary

Strategic vision and product development

• Midnight, an all-electric, piloted aircraft for four passengers, is designed for rapid, back-to-back urban trips at up to 150 mph, targeting congestion reduction in cities.

• Nearly 1,000 employees have developed key technologies, raising $1.5 billion and securing major partners like Stellantis and United Airlines.

• High-volume manufacturing facility in Georgia opens this year, with production ramping up to two aircraft per month by year-end.

• Aircraft design focuses on in-house development of powertrain, electric engine, and flight control software, with 80% of subsystems sourced from certified suppliers.

• Aircraft are already in flight testing, with hundreds of hours logged and deliveries to the Air Force supporting exposure and data collection.

Commercialization and market rollout

• Initial commercial launch targeted for UAE by end of next year, supported by Mubadala and Abu Dhabi Investment Office, with strong regulatory and infrastructure backing.

• U.S. certification is progressing, with FAA's SFAR closing most open issues and phase four of certification underway.

• Order book exceeds $6 billion, including recent deals with Japan Airlines and Sumitomo.

• United Airlines has ordered up to $1.5 billion in aircraft and is collaborating on airport integration and pilot training.

• Aircraft allocation will prioritize partners with capital, regulatory support, and operational readiness, with UAE, U.S., and Japan as early markets.

Manufacturing and partnerships

• Stellantis committed up to $400 million through the decade for manufacturing CapEx and labor, providing expertise in automation and supply chain.

• Georgia facility can scale to 650 aircraft per year, built for $65 million, with Stellantis personnel integrated on-site.

• United and Southwest are key partners for U.S. commercialization, focusing on seamless airport integration and customer experience.