Archer Aviation shares are trading higher after the company announced it appointed former acting FAA Administrator Billy Nolen as Chief Safety Officer.
Portfolio Pulse from Benzinga Newsdesk
Archer Aviation has appointed former acting FAA Administrator Billy Nolen as Chief Safety Officer, leading to a rise in the company's shares.
June 13, 2023 | 6:15 pm
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Archer Aviation shares are trading higher after appointing former acting FAA Administrator Billy Nolen as Chief Safety Officer.
The appointment of a former acting FAA Administrator as Chief Safety Officer is a positive development for Archer Aviation, as it demonstrates the company's commitment to safety and regulatory compliance. This news is likely to boost investor confidence in the company, leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100