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The original was posted on /r/wallstreetbets by /u/Last1wascompromised on 2024-08-19 15:45:13+00:00.

So I saw that ACHR has been dropping lately while picking up Gov contracts, is there something I’m missing in the fundamentals that is causing the slump? I keep hearing how they are doing more and more integration with the deep DoD pockets but investors aren’t investing…

“AFWERX awarded Archer Aviation two contracts to significantly advance Archer’s contribution to the defense space. A Strategic Funding Increase SBIR contract awarded to Archer extends the development of the company’s flagship Midnight aircraft that was performed under the prior SBIR Phase II contract….”

“A second Indefinite Delivery, Indefinite Quantity (IDIQ) SBIR Phase III agreement will extend development of autonomous capabilities for dual-use cases while also providing a vehicle for the engineering and prototyping of military-specific variants and advanced capabilities of Midnight. The increased partnership with Archer, which totals a potential $142 million of support over five years, reflects the significant accomplishments in development and testing of Archer’s commercial offering and the demonstrable value and acceleration that Prime’s support has added to their program.”