Why Archer Aviation Stock Is Skyrocketing Today
Shares of Archer Aviation (NYSE: ACHR) are rising on Tuesday. The company's stock gained 6.1% as of 12:50 p.m. ET and was up as much as 14.4% earlier in the day. The gain comes as the S&P 500 (SNPINDEX: ^GSPC) was flat, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.2%.Archer Aviation, which develops electric vertical takeoff and landing (eVTOL) aircraft, announced today that it received an important certification from the Federal Aviation Administration (FAA).The FAA granted Archer its Part 141 certification, formally recognizing and regulating the company's flight school, allowing it to officially launch its pilot training program. This is the third of four certifications required by the FAA to operate its commercial air taxi service -- the central goal of the company.Continue reading
Shares of Archer Aviation (NYSE: ACHR) are rising on Tuesday. The company's stock gained 6.1% as of 12:50 p.m. ET and was up as much as 14.4% earlier in the day. The gain comes as the S&P 500 (SNPINDEX: ^GSPC) was flat, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.2%.
Archer Aviation, which develops electric vertical takeoff and landing (eVTOL) aircraft, announced today that it received an important certification from the Federal Aviation Administration (FAA).
The FAA granted Archer its Part 141 certification, formally recognizing and regulating the company's flight school, allowing it to officially launch its pilot training program. This is the third of four certifications required by the FAA to operate its commercial air taxi service -- the central goal of the company.
