ACHR Stock: Archer Aviation Locks in Deal with Trax

Archer Aviation (NYSE:ACHR) stock is down Tuesday despite inking an agreement with Trax, a provider of aviation and engineering-related software. According to the press release, Archer plans to “leverage Trax’s web-based enterprise emRO system and eMobility apps” as well as its cloud-hosting capabilities to enhance its electric air taxi project. Trax’s suite of paperless software should provide solutions for Archer’s maintenance and supply-chain management needs. It will also assist Archer’s processes relat ...