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Benzinga
Benzinga
Business
Akanksha Bakshi

Archer Aviation Joins White House Flying Taxi Program

The Archer Aviation Trade

Archer Aviation Inc. (NYSE:ACHR) shares traded higher on Monday after the company announced on Friday that it will join the White House's new electric vertical takeoff and landing aircraft program.

The initiative, aimed at speeding the rollout of flying taxis, will see Archer collaborate with airlines and U.S. cities to design and conduct trial operations.

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