Archer Aviation stock climbs in premarket after patent suit vs Vertical, with earnings next week
Archer Aviation shares rose 1.4% to $7.29 premarket Wednesday after disclosing a patent-infringement lawsuit against Vertical Aerospace in Texas federal court. Archer alleges Vertical’s “Valo” aircraft infringes patents tied to its “Midnight” model and seeks an injunction and damages. Vertical denies the claims. Traders are watching ahead of Archer’s March 2 earnings and cash guidance.