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Barchart
Barchart
Aditya Raghunath

Archer Aviation Is Betting Big on Its Fledgling Defense Business. Does That Make ACHR Stock a Buy Here?

Archer Archer Aviation ACHR United States

Valued at a market cap of $5.5 billion, Archer Aviation (ACHR) designs and develops aircraft and related technologies in the U.S. It is a prominent player in the emerging electric vertical takeoff and landing (eVTOL) industry, and has struck commercial deals aimed at transforming urban air mobility (UAM). Although its flagship eVTOL is still going through rigorous testing and securing regulatory approval before commercial launch, Archer is working to secure business in advance. 

And, in recent months, the company is also quickly building out its defense business. 

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