Why Archer Aviation Stock Is Skyrocketing Today

Stock Performance - Archer Aviation's stock surged 18% to $19.38 as of 1:50 p m ET on Friday [1] Regulatory Impact - The US Commerce Department is considering a ban on Chinese drones which could limit competition for Archer Aviation [1] - Potential government executive orders preventing Chinese-made drones and flying craft from operating in the US would remove significant competition for Archer [2] Commercial Business - Archer Aviation is an early player in the electric flying taxi space with its Midnight flying vehicles [2] - The company's vehicles are currently operated by pilots in test flights but autonomous operations are likely to be rolled out in the future [2] Defense Industry Expansion - Archer Aviation has entered a partnership with defense technology company Anduril to create hybrid vertical takeoff and landing (VTOL) flying vehicles for US defense contracts [3] - Anduril has already won contracts with the US Department of Defense for autonomous crafts and its technologies may be paired with Archer's aerial technologies [3] Market Positioning - Archer Aviation is well positioned to take advantage of emerging demand for new types of flying and autonomous crafts in the defense industry [4] - As a pioneering player in a rapidly developing space the company could secure major defense contracts supporting significant stock gains [4]