Why Archer Aviation Stock Is Soaring Today
Archer Aviation (NYSE: ACHR) stock is surging in Friday's trading. The electric flying taxi company's share price was up 9.3% as of 10 a.m. ET and had been up as much as 17% at the beginning of the session.
Archer Aviation stock is making big gains today following an interview that CEO Adam Goldstein had with Fox Business yesterday. The stock is also getting a boost from news about the company's plans to create vehicles for the defense industry through a partnership with Anduril.
In an interview with Fox Business yesterday, CEO Adam Goldstein said that Archer expects to begin commercial flight operations for its Midnight flying vehicles next year. While the vehicles have already completed multiple successful test flights, the company still needs to receive regulatory approval from relevant aviation authorities in the markets that it aims to operate in.
Source Fool.com
