Is Archer Aviation Stock a Buy Now?
In October, the Federal Aviation Administration (FAA) announced final rules for power-lift pilot certification and operations, paving the way for commercializing advanced air mobility, commonly called flying taxis. This regulatory development is the latest news surrounding these flying vehicles, which could potentially transform urban transportation as we know it.
One of the leading companies in this space is Archer Aviation (NYSE: ACHR), which aims to launch commercial operations in the United Arab Emirates within the year. Additionally, Archer is building out another revenue generator as a defense contractor, presenting another lucrative opportunity.
Archer has benefited from positive news around its industry, contributing to a substantial 82% increase in its stock price over the past year. Read on to see if adding this stock to your portfolio today is right for you.
Source Fool.com
