- Archer Aviation Inc (NYSE:ACHR) has entered into an agreement with FACC covering the supply of key fuselage and wing elements for its production eVTOL aircraft that is currently under development.
- FACC develops, designs, and manufactures advanced lightweight systems for the aerospace industry.
- Archer mentioned that FACC would help ensure that its production aircraft can achieve its target range and payload capabilities.
- Archer noted that the supply agreement is a key step in its progress toward its goal of achieving Type Certification for its production aircraft in 2024.
- Price Action: ACHR shares are trading higher by 3.12% at $3.29 on the last check Monday.
SMBC Nikko Downgrades Paymentus Holdings to Neutral, Lowers Price Target to $13
SMBC Nikko analyst Andrew Bauch downgrades Paymentus Holdings (NYSE:PAY) from Outperform to Neutral and lowers the price target from $23 to $13.
