Reported 1 day ago
Archer Aviation Inc. (NYSE:ACHR) announced notable advancements in its Q2 2025 results, including the production of six Midnight eVTOL aircraft and the establishment of its UAE operations in partnership with Abu Dhabi Aviation. The company will serve as the Official Air Taxi Provider for the LA28 Olympics and is close to FAA type certification. With a cash position of $1.7 billion, Archer aims for early commercial service by 2026 while enhancing its defense capabilities through key acquisitions.
Source: YAHOO