Archer Aviation made a smart move that got everyone's attention. They bought all the patents from Lilium, a company that makes electric airplanes. This deal is a big deal because it gives Archer more technology and makes them stronger in the market.

The stock market loved this news. Archer's stock price went up to a new high of $14. 62. This happened on a day when many people were buying and selling the stock. The stock has been doing well lately, going up over 45% in the last month and more than 36% this year.

Archer didn't pay much for these patents. They got about 300 patents for only 18 million euros, which is about $21 million. This is a lot less than what Lilium spent to develop the technology. The patents cover important things like high-voltage systems, advanced battery management, and aircraft design.

This deal helps Archer in many ways. It makes their technology stronger, saves them time and money on research, and shows they are a leader in the industry. The stock market's reaction shows that people believe in Archer's future.

But this deal is just one part of Archer's recent success. They also had successful flight tests and made new partnerships. All of this shows that Archer is doing well and has a bright future.

Archer has a lot of money, about $1. 8 billion, which helps them make these big moves. While they still have to work on making more airplanes and getting approval from the FAA, this deal shows they are thinking ahead and making smart choices.

EVTOL INDUSTRY

Archer Aviation Makes Big Move, Stock Soars

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