Archer Opens D.C. Office; Adds Key Policy, Government, And Regulatory Affairs Leaders Under Former FAA Chief As It Prepares For Commercial Launch
Portfolio Pulse from Benzinga Newsdesk
Archer Aviation Inc. (NYSE:ACHR) has announced strategic hires and the opening of a new office in Washington D.C. to bolster its government relations efforts as it prepares for the commercial launch of its electric vertical takeoff and landing (eVTOL) aircraft. The team, led by former FAA Chief Billy Nolen, includes key policy and regulatory affairs leaders. The new office is located near FAA and DOT headquarters and will showcase Archer's eVTOL technology to policymakers. This move is part of Archer's proactive approach to efficiently progress through the U.S. regulatory process.
April 18, 2024 | 12:38 pm
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Archer Aviation Inc. strengthens its government relations and regulatory affairs team with strategic hires and opens a new office in Washington D.C., aiming to accelerate the U.S. regulatory process for its eVTOL aircraft.
The strategic hires and the opening of a new office in Washington D.C. demonstrate Archer Aviation's commitment to navigating the regulatory landscape efficiently. By positioning itself closer to key regulatory bodies and bringing on board experienced government and policy leaders, Archer is likely to enhance its ability to influence and progress through the regulatory process. This proactive approach could positively impact investor confidence and accelerate the timeline towards commercial launch, potentially leading to an uptick in stock price in the short term.
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