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Archer Aviation Stock Soars 20% on New Defense Deal

Archer Aviation Stock Soars 20% on New Defense Deal · Barrons.com · Courtesy Archer
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Shares of the electric vertical takeoff and landing, or eVTOL, aircraft maker rose 19.6%, closing at $5.31, while the dropped 0.2%. The move came after the company announced plans to develop an autonomous vertical takeoff and landing platform for defense and commercial applications. “From raw performance to producibility, harnessing the best technologies from the commercial eVTOL market for defense is central to how Thunder will deliver operational value to our customers,” said Shane Arnott, SVP of Maneuver Dominance at Anduril, in a news release.

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