Archer outlines path to 2028 Olympics air taxi debut while advancing UAE and U.S. commercialization

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• Archer plans full VTOL and CTOL flight envelope testing

  80% confidence

• Archer is on track to begin deploying Midnight in 2026, both in American cities as part of eIPP and in UAE

  80% confidence

• Archer and Anduril are designing an autonomous, hybrid-electric VTOL aircraft built for dual use

  80% confidence

• Capital deployment focuses on supply chain readiness, manufacturing, hybrid aircraft, and AI autonomy software

  80% confidence

• Archer's order book is in the billions with 7 of the world's largest airlines as partners

  80% confidence

• Archer is in late stages of building initial fleet of Midnight aircraft for flight testing, TIA, and international launch programs

  80% confidence

• eIPP success means having lots of aircraft flying in multiple cities and getting public comfortable

  80% confidence

• Archer closed Q4 2025 with total liquidity of approximately $2 billion, the highest watermark in company history

  80% confidence

• Archer is the first eVTOL manufacturer to establish a Restricted Type Certificate program with the GCAA

  80% confidence

• The 2028 Olympics deadline is driving regulators and Archer toward making decisions

  80% confidence

• Investment step-up is deliberate and reflects meaningful progress planned for the year

  80% confidence

• Confident in Midnight aircraft architecture

  80% confidence

• Early revenues anticipated from defense, software, and air taxi programs to offset spending

  80% confidence

• The 4-bladed propeller design was optimized for payload

  80% confidence

• Archer is building a next-generation aerospace company with civil and defense applications

  80% confidence

• Cannot guarantee no further design changes until all certification testing complete

  80% confidence

• Archer has begun Midnight's piloted VTOL flight test campaign and will expand its fleet through 2026

  80% confidence

• Geopolitical situation in Middle East creates uncertainty, but Archer is monitoring for partner and personnel safety

  80% confidence

• Q4 2025 spending was tightly aligned to previous earnings call guidance

  80% confidence

• Archer's defense focus is on a loyal wingman application

  80% confidence

• FAA confirmed final acceptance of 100% of Midnight's Means of Compliance, making Archer first eVTOL company at this milestone

  80% confidence

• Q1 2026 adjusted EBITDA loss forecasted in range of $160 million to $180 million

  80% confidence

• Restricted Type Certificate gives broader operational flexibility and scalable foundation for Middle East market

  80% confidence

• Goal is to efficiently complete transition testing for eIPP then move to TIA activity for Olympics certification

  80% confidence