Should You Buy Archer Aviation While It's Below $10?

Archer Aviation (NYSE: ACHR) has strong potential with its future electric vertical takeoff and landing (eVTOL) air taxi business, as it positions itself for adoption within the U.S.On Dec. 2, the company announced a deal with Karem Aircraft, an aerospace technology manufacturer, gaining access to "military-grade" technology "validated" by the U.S. Army, which will enhance aircraft efficiency. A week later, the company completed the first phase of its acquisition of Hawthorne Airport, an airport near downtown Los Angeles that's expected to be an operational hub for the 2028 Los Angeles Olympics.Archer Aviation expects to be fully operational by the time the global event begins, but whether it can meet that timeline remains an open question.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool