Archer Aviation Falls 22.9% in 2025, Rallies 17.8% on Anduril VTOL Partnership

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Archer Aviation stock fell 22.9% in 2025 after a Q2 net loss of $206M, critical short reports and surging competition from Joby Aviation. Shares have climbed 17.8% in 2026 on an Anduril military VTOL partnership and anticipation of FAA certification and LA28 Olympics deployment, though certification risk persists.

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