Archer Enters Into Agreement with FACC Covering Supply of Key Fuselage and Wing Elements for Archer's Production Aircraft

Archer Aviation Inc. (“Archer”) (NYSE: ACHR) and FACC, a global leader in the development and manufacturing of aircraft components and systems, today announced they have entered into an agreement for FACC to fabricate and supply key fuselage and wing elements of Archer’s production eVTOL aircraft that is currently under development.

The high-tech expertise of aerospace specialist FACC in the field of lightweight construction, as well as its many years of experience in the production of high-quality aerostructures were decisive factors in Archer choosing to work with FACC and will help ensure that Archer’s production aircraft can achieve its target range and payload capabilities.

“Archer believes that working with established leaders in the supply of aerospace components will help drive our long-term success and our choice to work with FACC certainly reflects that” said Adam Goldstein, CEO of Archer. “FACC’s proven track record in fabricating advanced composite structures for the aerospace industry, coupled with their focus on innovation and safety, makes them the perfect supplier for some of the most significant elements of our aircraft structure.”

“We are exceptionally proud to be able to count Archer, one of the market leaders in the emerging field of Urban Air Mobility, among our customers," said CEO Robert Machtlinger. “We expect this exciting new area of aviation to show strong growth and we’re thrilled to be part of the journey with such an innovative partner.”