02:26 PM EDT, 05/23/2024 (MT Newswires) -- Archer Aviation ( ACHR ) said Thursday the Federal Aviation Administration issued for public inspection the final air worthiness criteria for the company's Midnight aircraft.

The final airworthiness criteria will allow Archer to work with the FAA to get the remaining final approvals on its certifications and test plans, according to the company.

"This is a critical step as Archer continues to ramp up its "for credit" testing with the FAA and prepares to begin its piloted flight testing later this year," the company said.

Shares of the company dropped about 4% in recent trading.

Price: 3.29, Change: -0.14, Percent Change: -3.95