Latest news with #IbuKotaNusantara
Yahoo
2 days ago
- Business
- Yahoo
Archer Lands $250 Million Indonesia eVTOL Deal
Archer Aviation (NYSE:ACHR) shares are ticking in the green after the eVTOL maker inked a deal with Indonesia's PT. Industri Ketahanan Nasional will introduce up to 50 Midnight aircraftvalued at $5 million apieceto the Southeast Asian archipelago. Under the nonbinding agreement, PT. Warning! GuruFocus has detected 2 Warning Sign with ACHR. IKN will deploy an initial fleet for air taxis, military logistics, cargo delivery and environmental surveillance in and around the new capital, Ibu Kota Nusantara, with an $18 million pilot program providing pilots, technicians, software and booking tools. The partners will work with Indonesia's Directorate General of Civil Aviation to craft regulations and infrastructure ahead of launch. This marks Indonesia as the third market in Archer's Launch Edition global rollout, following deals in the UAE and Ethiopia, and underscores CEO Adam Goldstein's view of the archipelago's island geography and tourism growth as ideal for eVTOL deployment. Archer's recent $850 million capital raise has boosted liquidity to roughly $2 billion, positioning the company to scale production250 Midnights are slated for 2025and build out charging and vertiport networks. The firm is also integrating AI-driven flight operations and safety via partnerships with Palantir (PLTR). Why it matters: Securing a third early-adopter market validates Archer's blueprint for global commercial air mobility ahead of full FAA certification, de-risking expansion and reinforcing its first-mover advantage. Analysts see Archer Aviation trading at about $10.40 today and climbing to an average target of $12.31 over the next yearimplying nearly 19% upside. In a best-case scenario, bullish forecasts stretch as high as $18, while the bears warn the shares could fall to around $4.50 if execution or certification hiccups arise. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Archer Lands $250 Million Indonesia eVTOL Deal
Archer Aviation (NYSE:ACHR) shares are ticking in the green after the eVTOL maker inked a deal with Indonesia's PT. Industri Ketahanan Nasional will introduce up to 50 Midnight aircraftvalued at $5 million apieceto the Southeast Asian archipelago. Under the nonbinding agreement, PT. Warning! GuruFocus has detected 2 Warning Sign with ACHR. IKN will deploy an initial fleet for air taxis, military logistics, cargo delivery and environmental surveillance in and around the new capital, Ibu Kota Nusantara, with an $18 million pilot program providing pilots, technicians, software and booking tools. The partners will work with Indonesia's Directorate General of Civil Aviation to craft regulations and infrastructure ahead of launch. This marks Indonesia as the third market in Archer's Launch Edition global rollout, following deals in the UAE and Ethiopia, and underscores CEO Adam Goldstein's view of the archipelago's island geography and tourism growth as ideal for eVTOL deployment. Archer's recent $850 million capital raise has boosted liquidity to roughly $2 billion, positioning the company to scale production250 Midnights are slated for 2025and build out charging and vertiport networks. The firm is also integrating AI-driven flight operations and safety via partnerships with Palantir (PLTR). Why it matters: Securing a third early-adopter market validates Archer's blueprint for global commercial air mobility ahead of full FAA certification, de-risking expansion and reinforcing its first-mover advantage. Analysts see Archer Aviation trading at about $10.40 today and climbing to an average target of $12.31 over the next yearimplying nearly 19% upside. In a best-case scenario, bullish forecasts stretch as high as $18, while the bears warn the shares could fall to around $4.50 if execution or certification hiccups arise. This article first appeared on GuruFocus.
