Archer Announces Terms Of Stellantis Contract Manufacturing Relationship; Stellantis To Contribute Up To $400M
Portfolio Pulse from Benzinga Newsdesk
Archer Aviation has announced the terms of its contract manufacturing relationship with Stellantis. Stellantis will contribute up to $400 million to support Archer's operations.
August 08, 2024 | 8:31 pm
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Archer Aviation has secured a contract manufacturing relationship with Stellantis, which will contribute up to $400 million to support Archer's operations.
The $400 million contribution from Stellantis is a significant financial boost for Archer Aviation, likely to enhance its operational capabilities and market position. This partnership is expected to positively impact ACHR's stock price in the short term.
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