Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Archer Aviation Stock Is Flying Higher Today

TheMotleyFool

0 0

Why Archer Aviation Stock Is Flying Higher TodayPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

Archer Aviation (NYSE: ACHR) has a deal with Southwest Airlines (NYSE: LUV) to develop air taxi networks in California.

It is a big sign of confidence in the "flying car" start-up and investors are excited about the development, sending Archer shares up 11% as of 11:30 a.m. ET.

Archer is one of several companies working to develop electric vertical takeoff and landing (eVTOL) aircraft for commercial use. eVTOLs take off and land like helicopters, meaning they can operate out of areas without a runway, and can ferry a handful of passengers on short trips.

Source Fool.com