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Proposed commercial route will connect Newark Liberty International Airport to Downtown Manhattan Heliport using the all-electric Midnight aircraft.
FACC, known for its track record in composite aerostructure fabrication, will supply key fuselage and wing elements for the aircraft, in order to achieve target range and payload capabilities.
Citing a 22% increase in revenue, FACC plans to expand its workforce and Plant 6 in Croatia as it pursues continued growth in civil aviation, UAM and space sectors.
Business combination agreement expected to provide approximately $1.1 billion of gross proceeds. United Airlines to purchase $1 billion worth of Archer’s eVTOL aircraft.
The $10 million pre-delivery payment emphasizes financial commitment to the composite eVTOL, Maker, following recent completion of the aircraft’s Preliminary Design Review.
The rigorous program will continue experimentation and flight testing of the composite eVTOL aircraft, closely following behind U.S. eVTOL developers like Joby, Archer and Beta Technologies.
Positive market development continued into Q2 2022, backed by a 12.5% year-on-year revenue increase and a doubled EBIT as the result of global growth in the aviation industry.
Horizontal and vertical tail, aileron, and rudder and elevator will be developed and manufactured for the lift + cruise aircraft, scheduled to enter service in 2026.
Explore 2023’s standout moments in the composites industry with CW's compilation of the top 10 news articles, determined by Google Analytics.
New hires, appointments and personnel promotions have been announced by Teijin Ltd., Vectorply, Engel North America, Wisk, Trelleborg, Lockheed Martin, Thermwood, Archer and more.