Archer Aviation Inc. Presents at BofA Securities 31st Annual Transportation, Airlines, and Industrials Conference 2024, May-16-2024 11:05 AM Summary - Thomson StreetEvents

Archer Aviation Inc. Presents at BofA Securities 31st Annual Transportation, Airlines, and Industrials Conference 2024, May-16-2024 11:05 AM Summary

Archer Aviation Inc. Presents at BofA Securities 31st Annual Transportation, Airlines, and Industrials Conference 2024, May-16-2024 11:05 AM Summary - Thomson StreetEvents
Archer Aviation Inc. Presents at BofA Securities 31st Annual Transportation, Airlines, and Industrials Conference 2024, May-16-2024 11:05 AM Summary
Published May 16, 2024
9 pages (4106 words) — Published May 16, 2024
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of BAC.N presentation 16-May-24 3:05pm GMT

  
Brief Excerpt:

...A. We've raised over $1 billion of capital. B. We got a workforce of just over 700 folks, primarily 3 facilities right now. C. We got a flight test facility in Salinas, California, and you'll see later, we're building a large high-volume manufacturing facility on 100 acres in Covington, Georgia. D. The specs for Midnight, it has a range of up to 100 miles on the current battery, the battery technology. E. It will have capacity for up to 650 aircraft per year. F. And so Stellantis builds up to 500,000, 600,000 cars a month. G. We aimed to deal with them for a forward equity purchase agreement for $150 million. H. We still have $55 million left on that $155 million facility with them. I. United put a $10 million deposit on the first 100 aircraft last year. J. We announced 2 weeks ago that the Abu Dhabi Investment Office has committed multi hundreds of millions of dollars to the company in terms of helping build out infrastructure and the ecosystem of UAM, urban air mobility in the UAE, I...

  
Report Type:

Brief

Source:
Company:
Bank of America Corp
Ticker
BAC.N
Time
3:05pm GMT
Format:
PDF Adobe Acrobat
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MLA:
Thomson StreetEvents. "Archer Aviation Inc. Presents at BofA Securities 31st Annual Transportation, Airlines, and Industrials Conference 2024, May-16-2024 11:05 AM Summary" May 16, 2024. Alacra Store. May 04, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Archer-Aviation-Inc-Presents-at-BofA-Securities-31st-Annual-Transportation-Airlines-and-Industrials-Conference-2024-May-16-2024-11-05-AM-B16010087>
  
APA:
Thomson StreetEvents. (2024). Archer Aviation Inc. Presents at BofA Securities 31st Annual Transportation, Airlines, and Industrials Conference 2024, May-16-2024 11:05 AM Summary May 16, 2024. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Archer-Aviation-Inc-Presents-at-BofA-Securities-31st-Annual-Transportation-Airlines-and-Industrials-Conference-2024-May-16-2024-11-05-AM-B16010087>
  
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