Archer Aviation announced this week that a site in Georgia adjacent to the Covington Municipal Airport has been selected for its manufacturing facility, reports a press release. This is a key next step for the U.S-based eVTOL company.
Archer plans to initially build a 350,000 square-foot facility, capable of producing up to 650 aircraft per year, which is expected to create over 1,000 jobs during the long term.
Construction should be completed in the first half of 2024, with initial production expected to begin later that year. The facility is capable of being expanded by an additional 550,000 sq. ft, estimated to support the manufacturing of up to 2,300 aircraft per year.
The release explains, “In selecting the location for its first production facility, Archer completed a comprehensive survey of potential sites across the United States. Key considerations included the availability of talent in the local labour market, utility availability, ability to conduct seamless flight test operations, construction costs, and logistics.”
The company intends to invest USD118 million over the next 10 years and will receive an incentive package which includes land conveyance, tax incentives and Georgia REBA grant, totalling 33 percent of the capital investment commitment. Archer has entered into a Letter of Intent (LOI) with Synovus Bank, the largest bank headquartered in Georgia, to obtain financing to support the project.
Adam Goldstein, Archer’s CEO, commented, “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.”
Governor Brian P. Kemp
Georgia Governor Brian P. Kemp added, “Our established leadership in the aerospace industry was essential to landing Archer Aviation in Newton County. 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.”
Home to more than 800 aerospace companies, Georgia maintains a robust aerospace education pipeline, with a dozen high schools that offer training in the field, five technical colleges with aviation programs and several universities offering degrees in aerospace engineering.
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(top image: Archer Aviation)