ACHR - What's Going On With Archer Aviation Stock? | Benzinga
Archer Aviation Inc. (NYSE:ACHR) shares are trading higher Thursday after the company announced it has been selected by KakaoMobility as its eVTOL aircraft partner in Korea.
The Details:
The partnership with KakaoMobility includes joint participation in the K-UAM Grand Challenge and covers the planned purchase of up to 50 of Archer’s Midnight eVTOL aircraft worth up to an approximate value of $250 million, including pre-delivery payments.
KakaoMobility will pay $7 million in 2024 to Archer as the first installment to help fund early commercialization efforts in Korea, with a ...