Archer Hosts President Biden's Federal AAM Interagency Working Group At Flight Test Facility; Showcases Live Flight Test, Demonstrates Growing Readiness For Commercialization In 2025
Portfolio Pulse from Happy Mohamed
Archer Aviation Inc. (NYSE: ACHR) hosted the Federal Advanced Air Mobility (AAM) Interagency Working Group at its flight test facility, showcasing its eVTOL aircraft and demonstrating readiness for commercialization in 2025. The event was attended by over 70 representatives from various federal agencies. The AAM working group is tasked with creating a national strategy to integrate Advanced Air Mobility into the national airspace by 2025.
July 03, 2023 | 4:58 pm
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Archer Aviation's demonstration of its eVTOL aircraft to the Federal AAM Interagency Working Group could potentially boost investor confidence in the company's readiness for commercialization in 2025.
The successful demonstration of Archer's eVTOL aircraft to the Federal AAM Interagency Working Group, tasked with integrating Advanced Air Mobility into the national airspace, could be seen as a positive sign of the company's readiness for commercialization in 2025. This could potentially boost investor confidence in the company's future prospects, leading to a positive impact on its stock price in the short term.
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