U.s. air force and archer enter into contracts worth up to $142 million representing landmark investment in evtol technology by u.s. military

Santa clara, calif.--(business wire)--archer aviation inc. (nyse: achr), a leader in electric vertical takeoff and landing (evtol) aircraft, today announced that it has significantly expanded its partnership with the dod by signing new contracts with the u.s. air force with a total value of up to $142 million. the new contracts signal the u.s. military's recognition of the transformative potential archer's innovative evtol aircraft brings to our country's armed forces. this new execution phase.
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