Archer Aviation Selects eVTOL Manufacturing Site in Covington, Georgia
Archer Aviation has selected a site in Covington, Georgia, adjacent to the Covington Municipal Airport for their high-capacity eVTOL production facility. The initial 350,000 square-foot facility is expected to be capable of producing up to 650 aircraft annually.
On Monday (November 14, 2022), Archer Aviation announced that they have selected a site in Covington, Georgia, adjacent to the Covington Municipal Airport for their manufacturing facility. The company’s initial 350,000 square-foot facility is expected to be able to produce up to 650 eVTOL aircraft annually. Construction is expected to be completed by the first half of 2024, with initial production expected to commence later that year. Additionally, the facility will be capable of future expansion to 550,000 square-feet, facilitating the estimated production of up to 2,300 aircraft per year. The company plans of investing $118 million over the next 10 years in the facility, and will receive an incentive package worth 33% of their investment, including land conveyance, tax incentives and a Georgia REBA grant. Archer has also signed a letter-of-intent (LoI) with Synovus Bank for financing support.
In Monday’s announcement, Archer Aviation’s CEO, Adam Goldstein, said,
“After many months of discussion and evaluation, we’re excited to select Georgia as the location for our manufacturing facility. The U.S. has long led the world in aerospace technology, and Georgia has played a vital role in that industry. Our eVTOL technology can transform how urban and rural communities live and commute and this factory can create pathways to highly skilled manufacturing jobs and other ladders of social and economic opportunity. I am grateful to Governor Kemp along with Bob Kosek, Sara Gershon, Serra Hall, Frank Turner, and their teams, as well as all my colleagues at Archer as we work together to pioneer these innovative aviation technologies.”
Also commenting on Archer’s decision to locate their manufacturing facility in Georgia, Governor Brian P. Kemp added,
“Georgia has made nurturing innovation a priority as we work with businesses to define the future. Our established leadership in the aerospace industry was essential to landing Archer Aviation in Newton County. We are thrilled to welcome Archer to the state of Georgia, where they can take advantage of our signature workforce training program Quick Start to help fill, in the long-term, over 1,000 jobs in Covington.”
Santa Clara, California based Archer Aviation (NYSE: ACHR) is designing and developing eVTOL aircraft to be deployed in urban air mobility (UAM) networks. The company’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer’s early launch ‘trunk’ routes will connect airports with city centers, and once established, will be branched out to connect surrounding communities. The first phase of their UAM network is targeted to launch in 2025.
Source: Archer Aviation