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Archer Aviation momentum grows after Midnight flight and Boeing stake deal

Archer Aviation logoArcher Aviation
Sig3.42Sen+5.58Env+1.26Soc+0.62Gov+1.54

Archer Aviation shares gained over 36% in the past month as the company reported a successful all-electric Midnight city-to-city roundtrip between Salinas and Monterey on July 30, coordinated with the FAA. On Aug. 10, Archer announced a definitive agreement to acquire Boeing’s Wisk Aero, SkyGrid and Insitu units, with Boeing taking nearly a 20% stake. The firm also reported $1.56B cash and expects operations under the White House eVTOL Integration Pilot Program later this year.

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