'Archer Achieves Significant Regulatory Milestone; FAA Issues Final Airworthiness Criteria For Its Midnight Aircraft'
Portfolio Pulse from Benzinga Newsdesk
Archer Aviation has achieved a significant regulatory milestone as the FAA has issued the final airworthiness criteria for its Midnight aircraft. This development is crucial for Archer as it moves closer to commercializing its electric vertical takeoff and landing (eVTOL) aircraft.
May 23, 2024 | 5:39 pm
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Archer Aviation has received the final airworthiness criteria from the FAA for its Midnight aircraft, marking a significant step towards commercializing its eVTOL technology.
The FAA's issuance of final airworthiness criteria is a critical regulatory milestone for Archer Aviation, indicating that the company is on track to commercialize its eVTOL aircraft. This positive regulatory news is likely to boost investor confidence and positively impact the stock price in the short term.
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