Breaking: Archer Aviation Lands Up to $142M in Contracts; Bullish Stance On Apple
- July 31st, 2023
- 543 views
Archer Aviation Inc. (NYSE: ACHR) has expanded its partnership with the U.S. Department of Defense (DoD) through new contracts with the U.S. Air Force valued at up to $142 million
Archer will deliver up to six of its Midnight aircraft to the Air Force, share additional flight test data and certification-related test reports, provide pilot training, and collaborate on the development of maintenance and repair operations.
$ACHR is currently trading at $4.94 in pre-market, up $0.16 (+3.34%)
In other news, Apple Inc. (Nasdaq: AAPL), a renowned technology giant, received a positive evaluation from Piper Sandler, as the investment firm maintained an "Overweight" rating and raised the price target from $180 to $220.
Based on the Friday closing price of $195.83 for $AAPL, the revised price target implies a potential upside of $24.17, approximately 12.35%, as per Piper Sandler's analysis.
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