Archer Aviation rises on deal with Saudi entities to develop and test electric air taxis

Archer Aviation

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))