United invests $1bn in Archer

United has placed an order for $1 billion of Archer’s aircraft, with an option for an additional $500 million of aircraft. A move that will advance accessible sustainable flight, and solidify Archer as an industry leader within urban air mobility, a market projected to be $1.5 trillion by 2040. Archer will also announce its definitive business combination agreement with Atlas Crest Investment Corp (“ACIC”), a special purpose acquisition company (SPAC), that will ultimately result in Archer becoming a publicly listed company. It is anticipated that the post-closing company, Archer, will be listed on NYSE with ticker symbol “ACHR”. The business