Archer Aviation rises on deal with Saudi entities to develop and test electric air taxis
19/11/2025 11:35
** Electric aircraft-maker Archer Aviation's ACHR.N shares rise 1.2% to $7.7 premarket ** Co partners with The Helicopter Company (THC) and luxury developer Red Sea Global to develop, test and deploy electric aircraft in the Kingdom ** Six of eight brokerages rate the stock "buy" and two "hold"; their median PT is $12.5 - data compiled by LSEG ** As of last close, shares down 22% YTD (Reporting by Megavarshini G. Somasundaram in Bengaluru) ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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