10 Firms Crushing the Market

2. Archer Aviation Inc. (NYSE:ACHR)

Archer Aviation rose for a fifth straight day on Tuesday, surging 22.91 percent to end at $11.16 apiece as investor sentiment was boosted by news that it was on track to launch its first air taxi in the Middle East later this year.

In a statement on Monday, Archer Aviation Inc. (NYSE:ACHR) said that it plans to deliver its first Midnight aircraft to the UAE in the next few months for its planned launch later this year. This was further supported by the country’s approval of the design of the hybrid airport in Abu Dhabi.

“Archer’s pushing the boundaries of what’s possible and reshaping the future of aviation for years to come. This quarter, the team made strong progress across our civil and defense efforts as we continue to deepen our strategic partner relationships and prepare for commercialization in the UAE later this year,” said Archer Aviation Inc. (NYSE:ACHR) founder and CEO Adam Goldstein.