Latest news with #Tartaglione
Entrepreneur
07-05-2025
- Business
- Entrepreneur
Archer Stock Eyes Q1 Earnings After UAE Updates
This story originally appeared on MarketBeat [content-module:CompanyOverview|NYSE:ACHR] Archer Aviation (NYSE: ACHR) has appointed retired Brigadier General Cristiano Tartaglione as the Chief Operating Officer for its UAE operations, a strategic hire announced in early May 2025 to support the upcoming launch of electric air taxi services in the United Arab Emirates. This move highlights Archer's dedication to a successful and timely entry into the UAE market, which is crucial to the company's international commercialization strategy. The announcement aligns with Archer's positive stock performance, including gains over the past month and in recent trading, indicating increasing investor confidence. As the company prepares for its Q1 2025 earnings release, this emphasis on operational leadership in a key launch market offers a strong narrative for investors assessing Archer's progress and future investment opportunities. A Veteran Hand for Archer's UAE Push Retired Brigadier General Cristiano Tartaglione, a veteran of the Italian Air Force with over 30 years of service and 3,500 flight hours, has been appointed COO of Archer's UAE operations. His distinguished career includes leading multinational air operations and advanced jet maintenance programs, as well as serving as Italy's Defense Attaché to the UAE, where he built deep regional ties. After retiring from the military, Tartaglione advised global aerospace and defense firms on market entry and transformation strategies across the Middle East and Europe. In his new role, he will lead Archer's UAE operations, building a local team, overseeing infrastructure like vertiports, and ensuring compliance with UAE GCAA regulations. He'll work closely with the GCAA and Abu Dhabi Aviation (ADA) to support the safe and timely launch of electric air taxi services. Dr. Talib Alhinai, General Manager of Archer UAE, called the appointment a "big step forward," citing Tartaglione's experience as critical to advancing the UAE's vision for sustainable, next-generation air mobility. Archer's UAE Plans Solidify Brigadier General Tartaglione's appointment as COO in the UAE strengthens Archer's preparations for its Middle Eastern launch, aligning with recent progress. In late April 2025, Archer received GCAA design approval for the UAE's first hybrid heliport at the Abu Dhabi Cruise Terminal. This key approval facilitates infrastructure development for traditional helicopters and Archer's Midnight eVTOL aircraft, enabling integration into the existing aviation system. These infrastructure advancements support Archer's planned "Launch Edition" program in Abu Dhabi, with Abu Dhabi Aviation (ADA) as the launch customer. The first Midnight aircraft is expected in Abu Dhabi in the summer of 2025 for test flights and operational validation. Commercial passenger operations with ADA are targeted to begin before the end of 2025. Therefore, the COO appointment is timely, providing experienced leadership for the crucial final phases of infrastructure completion, operational planning, and regulatory coordination. Archer's Stock Gains on Operational Progress [content-module:Forecast|NYSE:ACHR] Archer Aviation's stock experienced a substantial increase of around 36% in the month leading up to early May 2025. This positive trend was further highlighted by trading gains following announcements of UAE heliport approval and the appointment of a new COO. As of May 6, 2025, Archer's stock price closed at $8.52, resulting in a market capitalization of approximately $4.62 billion. This recent stock rally indicates growing investor confidence, likely fueled by the company's progress in its UAE commercialization plans and an increasing belief in Archer's ability to execute its near-term international launch. Despite this positive performance, the consensus among Archer Aviation's analyst community is a Moderate Buy rating with an average twelve-month price target of $11.61, suggesting a potential upside of about 38.5% from the May 6th closing price. Needham & Company's recent reiteration of its Buy rating and $13 price target in late April exemplifies this ongoing bullish sentiment from analysts, who believe the company's long-term potential has not yet been fully realized in its current stock value. Archer's Q1 Earnings Call on May 12 Archer Aviation's Q1 2025 earnings report, due May 12, is highly anticipated, especially after strong UAE operational momentum. The focus will be on spending relative to the projected $95M-$110M adjusted EBITDA loss, alongside updates on manufacturing scale-up at the Covington facility (aiming for ten Midnight aircraft in 2025), FAA Type Certification progress, and developments regarding the Abu Dhabi Aviation and Ethiopian Airlines "Launch Edition" preparations with Brigadier General Tartaglione's involvement. Investors will also be keen on updates regarding Palantir (NASDAQ: PLTR) AI integration in manufacturing and the Archer Defense venture with Anduril. Positive news in these areas could boost investor confidence. Archer Gearing Up for Takeoff Archer Aviation's appointment of an experienced COO for its UAE operations underscores its commitment to launching commercial air taxi services there, reinforcing the planned late 2025 launch with Abu Dhabi Aviation. This strategic hire, along with UAE heliport design approval, de-risks the launch. Positive investor response indicates growing confidence in Archer's execution and the UAE market opportunity. As Archer prepares its Q1 2025 update, its narrative is shifting toward near-term operational reality in the Middle East, presenting a compelling long-term investment case in urban air mobility. Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now... See The Five Stocks Here
Yahoo
06-05-2025
- Politics
- Yahoo
Pa. Senate committee approves proposal requiring schools to notify parents when weapons are found
The state Capitol in Harrisburg. (Capital-Star file) A proposal to notify parents when a weapon is brought into school advanced out of a Pennsylvania Senate committee on Tuesday, while debate on the bill centered around definitions and intent. Senate Bill 246, sponsored by Sens. Jarrett Coleman (R-Lehigh) and Christine Tartaglione (D-Philadelphia), would require schools and school entities to notify parents and guardians within 24 hours about an incident involving the possession of a weapon on school property. It would also require the school to notify teachers, administrators and other employees where the weapons-related incident took place. Coleman said that under current law, school districts are not required to inform parents or guardians about incidents when a weapon is brought onto school grounds or to related activities. Districts are only required to report incidents relating to expulsions for possession of a weapon on school grounds or a school-sponsored activity to the state Department of Education. As an example, he referenced a parent in his district finding out about a knife that was brought into school only because one of the parents read a police report about it. 'There should be a much higher level of transparency around when weapons are brought to schools,' Coleman said. 'When someone brings a weapon into a school or school-sponsored event, parents, guardians and staff should be notified. Schools must be transparent with parents when dangerous incidents take place at schools.' The proposal also allows for targeted notifications, meaning that if the weapon is found at a school dance or a bus of a sports team, the alert may be sent to the parents or guardians of those at that event. Coleman offered an amendment to the bill to clarify that it would also apply to 'nonpublic' or 'private' schools. Questions from those who voted 'no' centered on the definition of 'weapon.' Sen. Anthony Williams (D-Philadelphia) said he agreed that parents, staff and students should be notified when a weapon is found, and pledged to work with Coleman to properly define it. He said the current definition of weapon in the proposal is 'pretty broad.' 'I don't want to leave it to the arbitrary nature of a principal or anybody else to put something negatively upon a child in that space,' Williams said. Williams said there have been children in his district who have been suspended for bringing a sharpened pencil or having scissors in school. He also said that lawmakers should consider that there are students who 'carry weapons to school because of safety reasons' in his community, although he said that would not be the tipping point of supporting the proposal in the Senate, or not. The Capital-Star has asked Williams' office where students have been suspended for bringing sharpened pencils to school, but didn't receive a response. Sen. Lindsey Williams (D-Allegheny), minority chair of the Senate Education Committee, said she fears the bill will 'cause parents unnecessary fear and anxiety.' 'I remain concerned that this bill treats a student who brings a gun to school the same as a student who goes to the office to hand over a pocket knife he left in his backpack from hiking this over the weekend,' she said. 'My office attempted to work with the maker last session to make changes that would allow schools to distinguish between the kid who accidentally brought a pocket knife and the student who took a gun out of their parents' unlocked cabinet.' Coleman responded by saying he's 'not sure it matters if a child accidentally brings a gun or a knife into the school.' 'As a parent, I would like to be notified, and the constituents that I represent would want to know that the weapon was brought there, even if it was accidental,' Coleman said. 'So there is no distinction between the motive, because at the end of the day, if that knife, for example, another student took that knife and stabbed another kid and that kid died, or even if they accidentally brought a gun to school, the gun can still hurt someone. So I just think parents deserve to know.' A similar effort was introduced in the previous session as Senate Bill 971, which passed the state Senate by a 47-3 vote in June 2024, although did not advance past the state House Education Committee. School Voucher Proposal Advances School vouchers, which provide public money for students to attend private schools, have been at the center of debate in previous budget negotiations during Gov. Josh Shapiro's term. On Tuesday, Senate Bill 10, sponsored by state Sens. Judy Ward (R-Blair) and Anthony Williams (D-Philadelphia), passed the Education Committee. For students to qualify under the proposal, which sponsors call the Pennsylvania Award for Student Success Scholarship Fund, they would need to live in one of the lowest 15% performing school districts and their household income must be less than 250% of the federal poverty level. Supporters made the case that the proposal will help students in the lowest performing schools in the state, while opponents say taxpayer dollars shouldn't be spent on students going to private schools.
Al Etihad
06-05-2025
- Business
- Al Etihad
Archer Aviation names its UAE head ahead of air taxi launch
6 May 2025 12:15 REDDY (ABU DHABI)Archer Aviation has appointed retired Italian military officer Brigadier General Cristiano Tartaglione as its Chief Operating Officer for UAE operations, as the company prepares to launch its commercial electric air taxi services in the announcement comes at a critical juncture, with Archer planning to introduce its all-electric vertical take-off and landing (eVTOL) aircraft, Midnight, in Abu Dhabi as early as this year or next. The air taxi service aims to significantly cut down travel times, replacing 60–90-minute car journeys with 10–20-minute brings over three decades of leadership experience from the Italian Air Force, where he commanded multinational air operations, led advanced jet maintenance programmes, and logged more than 3,500 flight hours as a fighter pilot, a statement by Archer Aviation said. 'I am honoured to join Archer Aviation at such a critical stage of growth as we prepare for commercial launch,' said Tartaglione. 'My focus will be on driving operational readiness, regulatory alignment and long-term value as we launch safe and scalable air mobility services in the region.'In his new role, Tartaglione will lead Archer's UAE operations, build and mentor a local team, develop operational infrastructure, and ensure compliance with UAE aviation regulations. He is expected to work closely with local partners including Abu Dhabi Aviation and the General Civil Aviation Authority (GCAA).The Midnight aircraft, manufactured in Atlanta, Georgia, is designed to carry a pilot, four passengers, and luggage at speeds of up to 241km/h. It is engineered to be low-noise, safe, and competitively priced with ground transport Talib Alhinai, General Manager of Archer Aviation UAE, said: 'Cristiano joining the team is a big step forward for Archer Aviation's mission in the UAE. His leadership and expertise will be critical as we aim to bring the region's first commercial electric air taxi services to life.'Archer recently secured GCAA design approval to convert the Abu Dhabi Cruise Terminal helipad into the country's first hybrid heliport for helicopters and eVTOL aircraft. Chief Commercial Officer Nikhil Goel said in recent media interviews that the Midnight aircraft is expected to arrive in Abu Dhabi this summer for test flights under Gulf weather conditions. He also indicated that fares will be comparable to ride-hailing services like Careem and Uber.
Zawya
05-05-2025
- Business
- Zawya
Archer Aviation hires Retired Brigadier General, Former UAE Attaché, Cristiano Tartaglione as Chief Operating Officer for UAE Operations
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)-- Today Archer Aviation (NYSE: ACHR) announced the hire of retired Brigadier General Cristiano Tartaglione as Chief Operating Officer for its operations in the United Arab Emirates. Headquartered in Silicon Valley, California, Archer is a next-gen aerospace company designing and developing the key enabling technologies and aircraft necessary to power the future of aviation. Its all-electric vertical take-off and landing (eVTOL) aircraft, Midnight, is designed to replace 60–90 minute commutes by car with estimated 10–20 minute electric air taxi flights that are safe, sustainable, low noise and cost-competitive with ground transportation. In the Emirates, the company is actively working with local partners and regulators to build the region's first commercial air taxi network. Tartaglione will be responsible for leading Archer's UAE-based operations, building and mentoring a local team, developing operational infrastructure and ensuring compliance with UAE aviation regulations. He will work closely with the General Civil Aviation Authority (GCAA) and key partners to ensure the safe and timely launch of commercial electric air taxi services in the country and region. Tartaglione brings over 30 years of leadership experience from the Italian Air Force, where he commanded multinational air operations, led advanced jet maintenance programs and accrued more than 3,500 flight hours as a fighter pilot. His diplomatic experience as Italy's Defense Attaché to the UAE also established him as a trusted advisor within regional defense and aviation sectors. Following his military career, he advised global aerospace and defense companies on transformation and market entry strategies in the Middle East and Europe. 'I am honored to join Archer Aviation at such a critical stage of growth as we prepare for commercial launch,' said Brig. Gen. (Ret.) Cristiano Tartaglione.'My focus will be on driving operational readiness, regulatory alignment and long-term value as we launch safe and scalable air mobility services in the region.' This hire highlights Archer's commitment to delivering innovative, and sustainable urban air mobility solutions across the Emirates. Most recently, the company secured design approval from the GCAA for the transformation of the Abu Dhabi Cruise Terminal helipad into the country's first hybrid heliport for both helicopters and eVTOL aircraft. Dr. Talib Alhinai, General Manager of Archer Aviation UAE, commented: 'Cristiano joining the team is a big step forward for Archer Aviation's mission in the UAE. His leadership and expertise will be critical as we aim to bring the region's first commercial electric air taxi services to life, supporting the nation's vision for futuristic and sustainable transportation.' About Archer Archer is designing and developing the key enabling technologies and aircraft necessary to power the future of aviation. To learn more, visit Forward-Looking Statements This press release contains forward looking statements regarding Archer's future business plans and goals, including statements regarding its aircraft performance, the timing of Archer's development, commercialization, and certification of its eVTOL aircraft, and plans relating to infrastructure buildout and operations in the UAE. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, available at In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events. View source version on Source: AETOSWire Contacts Archer Media Contacts Tales & Heads - archer@
Associated Press
05-05-2025
- Business
- Associated Press
Archer Aviation Hires Retired Brigadier General, Former UAE Attaché, Cristiano Tartaglione as Chief Operating Officer for UAE Operations
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--May 5, 2025-- Today Archer Aviation (NYSE: ACHR) announced the hire of retired Brigadier General Cristiano Tartaglione as Chief Operating Officer for its operations in the United Arab Emirates. This press release features multimedia. View the full release here: Archer Aviation announces the hire of retired Brigadier General Cristiano Tartaglione as Chief Operating Officer for its operations in the United Arab Emirates. Headquartered in Silicon Valley, California, Archer is a next-gen aerospace company designing and developing the key enabling technologies and aircraft necessary to power the future of aviation. Its all-electric vertical take-off and landing (eVTOL) aircraft, Midnight, is designed to replace 60–90 minute commutes by car with estimated 10–20 minute electric air taxi flights that are safe, sustainable, low noise and cost-competitive with ground transportation. In the Emirates, the company is actively working with local partners and regulators to build the region's first commercial air taxi network. Tartaglione will be responsible for leading Archer's UAE-based operations, building and mentoring a local team, developing operational infrastructure and ensuring compliance with UAE aviation regulations. He will work closely with the General Civil Aviation Authority (GCAA) and key partners to ensure the safe and timely launch of commercial electric air taxi services in the country and region. Tartaglione brings over 30 years of leadership experience from the Italian Air Force, where he commanded multinational air operations, led advanced jet maintenance programs and accrued more than 3,500 flight hours as a fighter pilot. His diplomatic experience as Italy's Defense Attaché to the UAE also established him as a trusted advisor within regional defense and aviation sectors. Following his military career, he advised global aerospace and defense companies on transformation and market entry strategies in the Middle East and Europe. 'I am honored to join Archer Aviation at such a critical stage of growth as we prepare for commercial launch,' said Brig. Gen. (Ret.) Cristiano Tartaglione.'My focus will be on driving operational readiness, regulatory alignment and long-term value as we launch safe and scalable air mobility services in the region.' This hire highlights Archer's commitment to delivering innovative, and sustainable urban air mobility solutions across the Emirates. Most recently, the company secured design approval from the GCAA for the transformation of the Abu Dhabi Cruise Terminal helipad into the country's first hybrid heliport for both helicopters and eVTOL aircraft. Dr. Talib Alhinai, General Manager of Archer Aviation UAE, commented: 'Cristiano joining the team is a big step forward for Archer Aviation's mission in the UAE. His leadership and expertise will be critical as we aim to bring the region's first commercial electric air taxi services to life, supporting the nation's vision for futuristic and sustainable transportation.' About Archer Archer is designing and developing the key enabling technologies and aircraft necessary to power the future of aviation. To learn more, visit . Forward-Looking Statements This press release contains forward looking statements regarding Archer's future business plans and goals, including statements regarding its aircraft performance, the timing of Archer's development, commercialization, and certification of its eVTOL aircraft, and plans relating to infrastructure buildout and operations in the UAE. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, available at In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events. View source version on CONTACT: Archer Media Contacts Tales & Heads [email protected] KEYWORD: UNITED STATES UNITED ARAB EMIRATES NORTH AMERICA MIDDLE EAST CALIFORNIA INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS OTHER TRANSPORT TECHNOLOGY EV/ELECTRIC VEHICLES AUTOMOTIVE AIR TRANSPORT OTHER TECHNOLOGY AEROSPACE MANUFACTURING SOURCE: Archer Aviation Copyright Business Wire 2025. PUB: 05/05/2025 12:00 AM/DISC: 05/05/2025 12:01 AM
