[Music] Archer Aviation Inc delivers first midnight aircraft to US Air Force Archer Aviation Incorporated announced today it has delivered its first midnight aircraft to the US Air Force under its aworks agility Prime contract valued at up to $142 million this delivery follows the US Department of defense's acceptance of Midnight's military airworthiness assessment confirming its Readiness for aworks flight testing this approval allows aworks to conduct government directed tests to validate the aircraft's operational and Military specific Mission capabilities a team of USAF personnel collaborated with archers flight test team in selenis executing simulated medical evacuation cargo intelligence surveillance and reconnaissance missions electric vertical takeoff and Landing e b2l aircraft also known as electric air taxis have been in development for several years with the FAA now issuing a timeline for certification Archer Aviation is among the companies aiming to bring their aircraft to Market by 2025 Edward Ludo visited archers flight testing facility with CFO Mark Mesler and chief commercial officer nickel goell for Bloomberg's Chief future officer Archer Aviation introduced its first production model EVT well named midnight an electric air taxi designed for high demand Urban flights United Airlines has placed a deposit for 100 midnights planning to begin passenger service in 2025 with vertical takeoff and Landing capabilities a proprietary electric powertrain and a low noise profile archers midnight aircraft is ideal for military Aviation it offers a safer cost-effective and quieter alternative to internal combustion engine options promising enhanced rapid response agility and operational effectiveness across various Mission profiles Archer is at the Forefront of Aviation electrification designing and developing Technologies to power the next Transportation Revolution the idea of catching a quick affordable flight to your next destination in an Urban Air Taxi maybe closer than you think this is midnight the first production model aircraft from Archer Aviation their goal is to deliver unprecedented connectivity in the world's most congested cities for the First full transition flight we chose to keep the AF propellers spinning at very low speeds 200 to 300 RPM rather than initiating the Stow routine to stop them Archer explained to AV web regarding the configuration of the six AF rors envelope expansion is a step-by-step process with a designed maximum takeoff weight of 6,500 lb and a 1,000 lb payload the midnight is among the largest EVS to achieve transition flight in future flights we will exercise this functionality you can think of this as being analogous to how for conventional aircraft the landing gear may not be retracted on a first flight all of the lift was generated by the wing at the speeds we were flying 100 plus Mage archers midnight aircraft has the potential to significantly enhance our operational capabilities we look forward to continuing our work with industry Partners to explore the ways this Advanced aircraft can contribute to the mission said col Elliot Lee AFF work's director and chief commercialization officer for the Department of the Air Force this delivery represents a pivotal moment not only for Archer but for the future of military Aviation together our goal is to prove Midnight's potential and ensure the United States Contin to lead with the world's most advanced technology said Adam Goldstein CEO of Archer Aviation the Air Force research laboratory afrl is the primary research and development center for the Department of the Air Force leading the discovery development and integration of affordable War fighting Technologies for air space and cyberspace forces afl's diverse portfolio spans from fundamental to Advanced research with over 12 ,500 Personnel working across nine technology areas and 40 Global operations AFF works as The Innovation arm of the DF and a directorate within afrl brings American Ingenuity from small businesses and startups to address the df's most pressing challenges employing approximately 370 Personnel at five hubs and sites with an annual 1.4 billion budget aworks has executed over 6,100 new contracts worth more more than $4 billion since 2019 to strengthen the US defense industrial base and accelerate technology transition to operational capability [Music] [Music]