FAA and Air Force Propel Archer and Joby Forward with Key eVTOL Milestones

Electric aviation leaders Archer Aviation and Joby Aviation have received significant backing from the United States government, accelerating their path to commercialization. The Federal Aviation Administration (FAA) has published the final airworthiness criteria for Joby's eVTOL aircraft, a crucial step towards achieving type certification. Concurrently, Archer Aviation secured a landmark contract with the U.S. Air Force, valued at up to $142 million. This deal includes the delivery of up to six of Archer's Midnight aircraft, representing a major vote of confidence from the military. These developments are viewed by industry analysts as critical de-risking events that significantly advance the entire urban air mobility sector.

Official Source: https://www.tipranks.com/news/article/archer-achr-and-joby-aviation-joby-get-major-u-s-backing-heres-what-canaccord-sees-next

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