Archer Aviation Inc. (“Archer”) (NYSE: ACHR) and Hexcel (NYSE: HXL), a global leader in advanced lightweight composites technology, today announced they have entered into a letter of intent covering a proposed relationship for the supply of high-performance carbon fiber material that would be used in the manufacturing of Archer’s production aircraft.
Under the proposed relationship terms, Hexcel would provide Archer with high-performance carbon fiber and resin systems, also known as prepreg, needed to fabricate composite parts for Archer’s production aircraft. Hexcel is an ideal composites partner, supplying lightweight carbon fiber and highly toughened resin systems that provide both strength and durability while reducing overall aircraft weight and enhancing aircraft safety. Hexcel composite materials also exhibit repeatable manufacturing and performance.
