Where Will Archer Aviation Be in 3 Years?
Archer Aviation (NYSE: ACHR) has one big goal to achieve over the next few years: approval of its Midnight vertical lift short haul aircraft for commercial use in the U.S. market. This aircraft is basically an air taxi, which is a totally new way of thinking about air travel.
While a vertical lift aircraft doesn't need a lot of runway, Archer Aviation has built an impressive runway for the growth of its business. So does the upstart business make for a good investment today? Let's take a closer look.
Archer Aviation has an aircraft called Midnight. It is starting to formalize the manufacturing process, with as many as 10 Midnight aircraft expected to be built in 2025. This is a great start for a business that is just getting off the ground, with Archer Aviation continuing to cross important developmental milestones off of its list.
Source Fool.com
