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Stock impact report

Is Archer Aviation Ready for Takeoff? [Yahoo! Finance]

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Yahoo! Finance
to reimagine how they move and spend time," investors want to know if this is a pie in the sky notion or if Archer Aviation is for real. But it clearly appears to be the latter. In its plight to disrupt urban transportation, Archer Aviation has hit the target in a variety of ways, suggesting that -- while it's not exactly open for business yet -- the company is on the right path. Getting ready for liftoff Founded in 2020, Archer has made great strides over the past few years toward its goal of transporting passengers in electric vertical take off and landing (eVTOL) aircraft. In 2021, Archer inked a manufacturing agreement with automaker Stellantis . The two companies are developing a manufacturing facility in Georgia this year, which has an annual production capacity of 650 aircraft and is expected to commence production in 2025. Another partner helping Archer to attain its goal is United Airlines , which has placed up to $1 billion in conditional orders with Archer for its a Show less Read more
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