Cash Burn Ramped Up As AAM Leaders Move Toward Certification

Archer’s Maker unmanned technology demonstrator is being prepared for initial hover flights.
Credit: Archer Aviation
Archer, Joby and Lilium together spent almost $132 million in the third quarter on development of their electric vertical takeoff and landing air taxis. The combined total for the first nine months of the year was more than $326 million as the startups ramped up work, aiming for certification by the...
Graham Warwick

Graham leads Aviation Week's coverage of technology, focusing on engineering and technology across the aerospace industry, with a special focus on identifying technologies of strategic importance to aviation, aerospace and defense.

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