Archer aviation plans to work with hexcel to advance production capabilities

Palo alto, calif.--(business wire)--archer aviation inc. (“archer”) (nyse: achr) and hexcel (nyse: hxl), a global leader in advanced lightweight composites technology, today announced they have entered into a letter of intent covering a proposed relationship for the supply of high-performance carbon fiber material that would be used in the manufacturing of archer's production aircraft. under the proposed relationship terms, hexcel would provide archer with high-performance carbon fiber and resi
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