Archer and Anduril Partner to Develop Hybrid Military Aircraft with $430M Boost
TL;DR Summary
Archer Aviation has raised $430 million to develop defense-focused VTOL aircraft in partnership with Anduril, a defense tech company known for its AI-powered systems. The collaboration aims to create a hybrid gas-and-electric VTOL aircraft for military applications, leveraging Anduril's software capabilities. Archer plans to produce these aircraft at its Georgia factory, with prototypes expected by 2025. This move aligns with rising defense tech investments amid geopolitical tensions and aims to secure a significant Department of Defense contract.
- Archer teams up with Anduril and raises $430 million to build defense aircraft TechCrunch
- Archer Aviation raises $430 mln through equity offering, partners with Anduril Reuters
- Archer Announces Strategic Partnership With Anduril to Develop Hybrid VTOL Military Aircraft; Raises An Additional $430M Business Wire
- Archer Aviation CEO discusses new defense unit, Anduril partnership Yahoo Finance
- Anduril and Archer building hybrid aircraft for military use Axios
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