Archer Aviation raises $430M, partners with Anduril to develop military aircraft
Anduril, the company with which Archer is collaborating on the project, received a $14 billion valuation in its most recent funding round. It makes a range of defense systems including drones and trucks. In August, Anduril detailed plans to build a new factory that will expand its manufacturing capacity by more than five million square feet.
Palmer Luckey's Anduril partners with Archer Aviation to develop "next-gen" vertical takeoff vehicles for the US military
Archer Aviation typically specializes in electric tiltrotor aircraft for urban use.
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.
Archer, Anduril to develop next-gen defense aircraft
Archer Aviation and Anduril Industries on Thursday announced a new partnership that will see the two companies build a next-generation aircraft for defense applications.The announcement noted that the first product to be developed by the partnership will be a hybrid-propulsion,
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.
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