Archer teams up with Anduril and raises $430 million to build defense aircraft
Funding to defense tech companies has boomed in 2024 as geopolitical tensions rise, advancements in AI abound, and investors seek out a new growth area
Archer teams with Anduril to develop hybrid-electric defence platform
Having long explored potential defence applications for its in-development Midnight air taxi, US start-up Archer Aviation has formed a partnership with Anduril to "jointly develop" a hybrid-electric aircraft for military purposes.
Archer Aviation raises $430 mln through equity offering, partners with Anduril
Air-taxi maker Archer Aviation said on Thursday it has raised $430 million in fresh capital, part of which will be used to develop a hybrid aircraft with defense tech company Anduril Industries.
Palmer Luckey's Anduril partners with Archer Aviation to develop "next-gen" vertical takeoff vehicles for the US military
The US military is a major buyer of VTOL aircraft. The Marine Corps flies Lockheed Martin's F-35B jump-jet, seen as a replacement for the AV-8B Harrier. And the US Army chose Bell's V-280 Valor tiltrotor to replace its UH-60 Blackhawk helicopters made by Sikorsky; the V-280 has almost twice the Blackhawk's speed.
Archer and Anduril’s hybrid VTOL aircraft for US military to advance aerial warfare
The partnership between Archer and Anduril aims to reduce the time and cost required to bring hybrid VTOL capabilities to the defense market.
Archer, Anduril To Jointly Develop Hybrid-eVTOL For U.S. Military
Archer Aviation and Anduril Industries have signed a “strategic partnership” to develop “next-generation aircraft” for defense applications starting with joint development of a hybrid-electric-vertical-takeoff-and-landing (eVTOL) aircraft for a potential U.S. Department of Defense program. The two...
Anduril, Archer to Make New Military Aircraft for Critical Defense Applications
Emerging American defense contractor Anduril and U.S.-based eVTOL startup Archer Aviation this morning announced an exclusive new partnership to jointly develop a hybrid VTOL aircraft for critical defense applications,
Archer Aviation teams with Anduril to develop hybrid VTOL aircraft for defense
Anduril and Archer announced an exclusive partnership to jointly develop a hybrid VTOL aircraft for critical defense applications targeting a
Archer Announces Strategic Partnership With Anduril to Develop Hybrid VTOL Military Aircraft; Raises An Additional $430M
Anduril Industries Inc. ("Anduril") and Archer Aviation Inc. ("Archer") announced today that they have entered into an exclusive agreement to jointly develop a next-generation aircraft for defense applications.
Archer Aviation raises $430M, partners with Anduril to develop military aircraft
Archer Aviation Inc., a flying taxi manufacturer, today announced that it has raised $430 million in funding to develop a military aircraft. The company also detailed a partnership with Anduril Industries Inc.
Archer CEO Adam Goldstein: Trump 2.0 will help the U.S. maintain its position as an aviation leader
Adam Goldstein, founder and CEO of Archer Aviation, joins CNBC's 'The Exchange' to discuss Archer's partnership with Anduril, ...
Why Archer Aviation Stock Sank and Then Skyrocketed This Week
Archer Aviation stock lost ground early in the week's trading amid a broader pullback for stocks with speculative valuations.
Local air taxi company raises $430M
Archer Aviation has raised $430 million to be used in part to develop a next generation hybrid aircraft with new strategic ...