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Investing.com -- Air mobility stocks are poised for an uptick on Monday, following President Donald Trump’s executive order aimed at boosting the development, commercialization, and export of drones in the United States.
Stocks expected to see an increase include Archer Aviation, which is set to rise by 12%, Joby Aviation (NYSE:JOBY), with an anticipated 11% increase, Vertical Aerospace, with a projected 9% increase, and Blade Air Mobility, which is expected to gain 2.4%.
The executive order, signed by President Trump, is set to establish an electric "Vertical Takeoff and Landing" (eVTOL) integration pilot program. This program is designed to expedite the implementation of safe and legal vertical operations in the United States.
According to a fact sheet released by the White House, at least five pilot projects will be selected through this program. These projects will be aimed at advancing applications such as cargo transport and medical response.
The executive order intends to accelerate the deployment of these innovative technologies, potentially leading to significant advancements in the air mobility sector. The impact of this order is already being reflected in the projected gains for air mobility stocks.
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