FAA Awards Beta Technologies Aircraft Special Airworthiness Authorization
Beta Technologies said the FAA awarded its aircraft a special airworthiness authorization. Its shares rose 4.4% to $18.95 on Wednesday and are down 33% year-to-date.
Shares in Beta Technologies advanced after the aerospace company said the Federal Aviation Administration had granted its aircraft a special airworthiness authorization. The stock gained 4.4% to $18.95 on Wednesday, though it remains down 33% year-to-date.