Why Is Archer Aviation (ACHR) Stock Up 8% Today? Source: T. Schneider | Shutterstock.com Archer Aviation (NYSE: ACHR ) stock is rising higher on Wednesday after the electric vertical takeoff and landing (eVTOL) company reached an agreement with Honeywell International (NASDAQ: HON ). According to an Archer Aviation press release, Honeywell International is acting as a supplier for certain parts of its aircraft. That includes flight control actuators, as well as thermal management tech. Archer Aviation notes that it chose Honeywell International’s products for a couple of reasons. That includes the accuracy of its actuators, which is a requirement with plans to operate its aircraft in urban areas. Archer Aviation also selected Honeywell International’s MicroVCS thermal management system for its light weight. In addition to that, the system is efficient for its size and has good reliability. 7 Nasdaq Stocks to Buy on the Dip Adam Goldstein, CEO of Archer Aviation, said the following about the deal. “Honeywell’s position as an established leader in delivering advanced aerospace technologies will be critical to our delivering on our goal of certifying our production aircraft in 2024.