Archer Details Stellantis Funding Commitment; Raises $175M

Archer Midnight

Credit: John / Alamy Stock Photo
Archer has detailed new terms of its contract manufacturing partnership with global automaker Stellantis, including a commitment to cover nearly $400 million in labor costs and capital expenditures (CapEx) through 2030, part of an effort to keep a lid on costs as production volumes scale up. At the...
Ben Goldstein

Based in Boston, Ben covers advanced air mobility and is managing editor of Aviation Week Network’s AAM Report.

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