ACHR Stock Alert: Archer Receives Funding to Expand Manufacturing Facility

Archer Aviation (NYSE:ACHR) stock is in the news Wednesday after the electric vertical takeoff and landing (eVTOL) company announced new approval for its manufacturing.The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) is behind this with approval for the company’s $117 million manufacturing facility in the state. This will provide Archer Aviation with roughly$10 million in benefits.Adam Goldstein, founder and CEO of Archer Aviation, said the following about the man ...