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 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, 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.
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 Aviation Teams Up with Anduril For Defense VTOL, Bolsters Arsenal With $430M Raise
Archer Aviation announced a partnership with Anduril to develop hybrid VTOL aircraft for defense applications.
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.
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