Overview
- Archer expanded flight testing of its Midnight aircraft, ramped early-stage production, and advanced further into the FAA certification process in 2025.
- The company remains pre-revenue, reporting a Q1 net loss of $93.4 million, a Q2 net loss of $206 million, and a year-over-year deterioration in Q3.
- On Dec. 2, Archer announced a deal with Karem Aircraft for military-grade technology validated by the U.S. Army intended to improve aircraft efficiency.
- Archer completed the first phase of acquiring Hawthorne Airport near Los Angeles, positioning it as a potential hub for 2028 Olympic operations, though the schedule is not assured.
- Competition intensified as Joby’s shares jumped about 65% in 2025 and it deepened ties with Toyota, while Archer’s stock fell roughly 20% and it outlined plans to launch revenue operations in the UAE in 2026.