Archer Aviation (ACHR) announced a partnership with the Government of the Republic of Serbia as the country seeks to play a key role in driving the adoption of electric air taxis across Europe. Under the agreement, Serbia has selected Archer as its preferred eVTOL partner and has the option to purchase an initial fleet of up to 25 Midnight aircraft. The agreement was signed at the World Economic Forum in Davos, formally establishing Archer as the official air taxi partner for EXPO 2027 Belgrade. In addition, Archer and the Government of the Republic of Serbia plan to explore further development work on industrialization, including rare earth magnets and critical minerals for batteries.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACHR:
- 3 Defense ETFs Set to Gain in 2026
- Joby Aviation vs. Archer Aviation Stock: Confidence vs. Upside in 2026
- Needham Says Archer Aviation Stock Has a Clearer Path to Execution
- Moderately bullish activity in Archer Aviation with shares up 3.87%
- Archer Aviation call volume above normal and directionally bullish