Archer Aviation, Inc. engages in the development of electric vertical take-off and landing (eVTOL) aircraft. The company is headquartered in San Jose, California and currently employs 774 full-time employees. The company went IPO on 2020-10-28. The company is engaged in providing customers with advanced aircraft and related technologies and services in the United States and internationally in both the commercial and defense sectors. Its commercial line of business consists of the sale of its commercial aircraft (Archer Direct), such as Midnight, to aircraft operators as well as technologies and services related thereto, including commercial launch (certification, testing, training, demonstration, market survey and early trial operations), and maintenance and repair. Its defense line of business consists of the sale of aircraft and related technologies for defense applications. Its initial product is intended to be a hybrid-propulsion, vertical take-off and landing (VTOL) aircraft. Its Midnight aircraft is designed around its proprietary 12-tilt-6 distributed electric propulsion platform. The company carries four passengers plus a pilot. The aircraft is purpose-built for air taxi operations.
Follow-Up Questions
Who is the CEO of Archer Aviation Inc?
Mr. Adam Goldstein is the Chief Executive Officer of Archer Aviation Inc, joining the firm since 2021.
What is the price performance of ACHR stock?
The current price of ACHR is $11.21, it has increased 2.29% in the last trading day.
What are the primary business themes or industries for Archer Aviation Inc?
Archer Aviation Inc belongs to Aerospace & Defense industry and the sector is Industrials
What is Archer Aviation Inc market cap?
Archer Aviation Inc's current market cap is $7.2B
Is Archer Aviation Inc a buy, sell, or hold?
According to wall street analysts, 10 analysts have made analyst ratings for Archer Aviation Inc, including 2 strong buy, 10 buy, 3 hold, 0 sell, and 2 strong sell
