- Archer’s receipt of its Special Airworthiness Certificate for Midnight from the Federal Aviation Administration (FAA) means its Midnight aircraft has met all FAA safety requirements necessary to begin flight test operations
- FAA has now started approving certification plans for Archer’s production aircraft, which will pave the way for Archer to begin piloted “for credit” testing of Midnight, which is expected in early 2024
- Aircraft is expected to be the first-ever eVTOL to be delivered to a customer pursuant to Archer’s recently announced landmark AFWERX contracts with a potential value of up to $142M1
- Archer’s strategy of realistic innovation and strategically sourcing many of the key components used in Midnight from leading aerospace suppliers with deep certification heritage puts the company in position to accelerate its momentum in the race to be the first to bring eVTOL aircraft to market in the U.S.
Jefferies Downgrades Equitable Holdings to Hold, Lowers Price Target to $34
Jefferies analyst Suneet Kamath downgrades Equitable Holdings (NYSE:EQH) from Buy to Hold and lowers the price target from $36 to $34.
