Archer today announced it has signed a series of definitive agreements to acquire control of Los Angeles Hawthorne Airport for USD126 million in cash – and published third quarter financial results. Hawthorne is located in the heart of L.A., sits on an 80-acre site and includes approximately 190,000 square feet of terminal, office and hangar facilities.
“The historic Hawthorne Airport was built in the 1920s and once helped shape Southern California’s aerospace legacy and is also known as Jack Northrop Field. It is strategically located less than three miles from LAX, and is the closest airport to some of the city’s biggest attractions — SoFi Stadium, The Forum, Intuit Dome, and Downtown L.A,” said the company in a press release.
Archer plans for the airport to serve as its operational hub for its planned L.A. air taxi network operations, including serving a key role in the LA28 Olympics Games. Archer also plans to utilize the airport as an innovation testbed for the next-generation AI-powered aviation technologies that it is developing and planning to deploy with its airline and technology partners. This includes AI-powered air traffic and ground operations management, in addition to other key technologies.
Archer Aviation Inc today also announced operating and financial results for the third quarter ended September 30, 2025. The Company issued a shareholder letter discussing those results, as well as its fourth quarter 2025 estimates. The company has raised USD650 million of additional equity capital, taking its total liquidity to over USD 2 billion “and reinforcing Archer’s sector-leading balance sheet”.
According to the letter:
“We ended the third quarter of 2025 with USD1,641.3 million of cash, cash equivalents and short-term investments on our balance sheet and an additional USD7.3 million of restricted cash. Our third quarter of 2025 cash balances decreased by USD82.7 million from the second quarter of 2025, primarily due to the USD126.0 million cash used in operating and investing activities (excluding the USD1,048.1 million used to purchase short term investments), offset partially by USD46.3 million cash provided by financing activities through the ATM net proceeds. In the third quarter of 2025, with the given interest rate environment, we invested USD1,048.1 million of cash in highly liquid, short-term marketable securities, including U.S. Treasury securities and corporate debt securities.”
For more information
https://s202.q4cdn.com/174276461/files/doc_financials/2025/q3/Archer-Shareholder-Letter-Q325-FINAL-1.pdf