Archer closes previously-announced financing and development agreements to complete world's highest-volume evtol aircraft manufacturing facility

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 closed agreements with synovus bank and evans general contractors, llc for the financing and development of its high-volume manufacturing facility in covington, georgia. construction is already underway on the first phase of the covington facility build out of approximately 350,000 square feet to support production of up to 650.
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