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.
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 hybrid VTOL military aircraft
Anduril Industries and Archer have an exclusive partnership to jointly develop a hybrid propulsion vertical-take-off-and landing (VTOL) aircraft for critical defense applications targeting a potential program of record from the U.S. Department of Defense (DOD).
Archer, Anduril to develop next-gen defense aircraft
Archer Aviation and Anduril Industries announced that they're partnering on the development of a next-generation VTOL aircraft that could be used by the U.S. military.
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, 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...
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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