# Archer Aviation and Stellantis agree on contract manufacturing for Midnight aircraft

Archer Aviation reached an agreement in principle with Stellantis for a contract manufacturing relationship. Stellantis will contribute up to ~$400 million to help scale Archer's Midnight aircraft production to 650 aircraft annually at Archer's Georgia facility through 2030.

- Type: Contract
- Announced: 2024-08-08
- Where: Georgia, United States
- Value: $400.0M
- Status: announced
- Capacity: 650 aircraft annually
- Products: Midnight electric aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Stellantis](https://endata.com/companies/7966.md) (supplier)
- [Archer Aviation](https://endata.com/companies/53146.md) (customer)

## Sources

- [investors.archer.com](https://investors.archer.com/news/news-details/2024/Archer-Announces-Key-Terms-Of-Contract-Manufacturing-Relationship-With-StellantisRepresenting-Up-To-400M-To-Help-Scale-Midnight-Production-To-650-Aircraft-AnnuallySecures-230M-In-Additional-Equity-Capital-From-Strategic--Institutional-Investors/default.aspx), 2024-08-08: "Stellantis to contribute up to ~$400M to help scale Archer's Midnight manufacturing to 650 aircraft annually through an obligation to cover manufacturing labor costs as well as certain capital expenditures at Archer's Georgia manufacturing facility through 2030."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.