Mentioned:
ACHR +4.53%

Archer Aviation wants to be on the leading edge of electric vertical takeoff and landing aircraft in America. And now, they’ve just completed a roundtrip test flight in California.

What’s happening:

  • Archer Aviation (NYSE: ACHR) has successfully completed a piloted roundtrip flight with their electric vertical takeoff and landing aircraft Midnight between Salinas Municipal Airport and Monterey Regional Airport

Why it matters:

  • Archer Aviation has publicly stated each leg of the flight only took approximately 9 minutes which is significantly faster than a roughly 35 minute drive

Going deeper:

  • The Federal Aviation Administration and Archer Aviation collaborated on the piloted roundtrip flight between Salinas Municipal Airport and Monterey Regional Airport
  • Anduril and Archer Aviation just recently made major waves when they unveiled their new autonomous attack aircraft known as Thunder which is capable of carrying payloads such as air-to-ground missiles and guided rockets