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Archer “closes local incentive transaction and starts work on new manufacturing plant”

Archer Aviation today announced that it has closed the local incentive transaction and begun construction on its high-volume manufacturing facility project in Covington, GA.

“The planned approximately 350,000 square-foot facility is strategically located adjacent to the Covington Municipal Airport and will be capable of producing up to 650 aircraft per year,” according to the company. “This type of high-volume manufacturing facility is believed to be a first for the eVTOL industry. The Covington facility will be capable of being expanded by an additional 800,000 square feet, which is estimated to support long-term production targets of up to 2,300 aircraft per year.

The news comes on the heels of Archer’s announcement in January of an expanded relationship with Stellantis. The goal is for Stellantis to mass produce Archer’s eVTOL aircraft as its exclusive contract manufacturer, says Archer.

“We are thrilled to be taking this next important step as we work closely with Stellantis to ramp up our high-volume manufacturing capabilities at this new facility in Covington, GA” said Adam Goldstein, Archer’s Founder and CEO. “The key to unlocking the promise of what the eVTOL aircraft industry can bring is scale, and we are thrilled by the support the State of Georgia and Newton County are providing to this first of its kind facility in such an exciting new industry.”

For more information

https://archer.com/news/archer-closes-incentive-transaction-begins-construction-on-first-of-its-kind-high-volume-evtol-manufacturing-facility-in-covington-ga

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