Overview
- Hunterbrook alleged Archer did not fly its Midnight eVTOL at the Dubai Airshow and said footage shown there was filmed at Al Ain, while disclosing a short in Archer and a long in Joby.
- Benzinga reported Archer shares up about 2.3% to $7.03 on Friday despite the report’s claims.
- Archer said it completed in‑country Midnight flight testing in the UAE on Nov. 13, with trials conducted at Al Ain Airport and nearby desert areas.
- The Hunterbrook report also highlighted a new Joby lawsuit accusing Archer and former employee George Kivork of trade‑secret theft and inducement to breach contract.
- Cantor Fitzgerald reaffirmed an Overweight rating with a $13 target after the Hawthorne Airport acquisition, noting roughly $2.2 billion in total liquidity and plans to use Hawthorne as a Los Angeles hub.