Archer Aviation Inc. (ACHR) has been a hot topic on Reddit forums, with discussions focusing on the company's strategic partnerships and potential military contracts. A detailed post on Reddit highlighted the challenges Archer faced from a Grizzly Research short report, which criticized the company's DoD contract, flight activity, and partnerships. However, the post argued that Archer has made significant progress, including delivering its Midnight eVTOL aircraft to the U.S. Air Force and achieving key FAA certification milestones. The post also emphasized Archer's strong partnerships with United Airlines and Stellantis, which have continued to invest in the company, contradicting the short report's claims.
Another Reddit discussion speculated on Archer's potential involvement in a DARPA/DoD project, suggesting that the company may soon deliver six military aircraft to the USAF under the AFWERX program. The post praised Archer's rapid development capabilities and its strategic partnership with Anduril, a defense technology company. Users expressed optimism about Archer's future, with one stating, "I invested back in November purely on the defense news, Archer was masquerading as a commercial contractor when behind the scenes they wanted the big money...DOD baby."
The current price of Archer Aviation Inc. (ACHR) is $9.93, reflecting a 1.85% increase from the previous close.