The Latest Breaking News from Archer Aviation Inc

Given continuing geopolitical tensions, with emerging threats to the West from the likes of China and Russia, rising government investment in cutting-edge military capabilities should drive the aerospace & defense industry’s growth. So, Wall Street analysts believe the stocks of aerospace & defense companies Archer Aviation (ACHR) and Planet Labs…

Archer Aviation Inc (NYSE:ACHR) reported a first-quarter net loss of $(59.2) million, wider than the $(43.3) million loss in 4Q21 and narrower than the $(94.9) million loss in 1Q21. Adjusted EBITDA loss expanded to $(39.1) million from $(15.6) million a year ago. Total operating expenses were $65.3 million for the quarter, a…

Shares of ACHR are currently trading at less than $5, reflecting the company’s poor fundamentals. So, considering the challenges involved in electric aircraft manufacturing, will ACHR be a good bet now? Read on to learn our view.

Archer Aviation Inc (NYSE:ACHR) and Hexcel Corp (NYSE:HXL) entered into a letter of intent regarding the supply of carbon fiber material used to manufacture production aircraft. As per the proposed relationship terms, Hexcel will provide Archer with high-performance carbon fiber and resin systems, also known as prepreg, needed to fabricate composite parts for Archer's production…