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 Aviation Teams Up with Anduril For Defense VTOL, Bolsters Arsenal With $430M Raise
Archer Aviation Inc. (NYSE:ACHR) shares are trading lower on Thursday. The company announced a new exclusive partnership with Anduril Industries to develop a hybrid Vertical Take-Off and Landing (VTOL) aircraft for defense applications.
Anduril and Archer building hybrid aircraft for military use
Defense contractor Anduril Industries and Archer Aviation are together developing a hybrid-power vertical takeoff and landing aircraft they hope can win the Pentagon's favor. Why it matters: Climate change concerns,
Archer Aviation raises $430 million through equity offering, partners with Anduril
By Anshuman Tripathy (Reuters) -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 Pitch DOD on ‘Next-Generation’ Defense Aircraft
Archer Aviation—the manufacturer of a five-seat electric air taxi that takes off vertically like a helicopter but cruises on fixed wings like an airplane—is partnering up with autonomous systems developer Anduril to design a hybrid-powered, vertical takeoff and landing (VTOL) aircraft intended for the U.S. Department of Defense.
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...
Palmer Luckey’s defense tech company will make next-gen military aircraft with Archer
Electric aviation startup Archer Aviation signed an exclusive deal with Palmer Luckey’s defense contractor, Anduril ...
Archer Announces Strategic Partnership With Anduril to Develop Hybrid VTOL Military Aircraft; Raises An Additional $430M
Today, Anduril and Archer (NYSE: ACHR) announced an exclusive partnership to jointly develop a hybrid VTOL aircraft for ...
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Archer Aviation partners with defense company Anduril for DoD contract
In a major development at the nexus of military and commercial technology, Archer Aviation and Anduril Industries have ...
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Archer partners with Anduril on defense project, announces $430M in new funding
Archer s partnering with AI-focused defense technology company Andurill Industries to develop a hybrid-propulsion, ...
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OpenAI employees question the ethics of military deal with startup Anduril
SAN FRANCISCO — Hours after ChatGPT-maker OpenAI announced a partnership with weapons developer Anduril on Wednesday, some employees raised ethical concerns about the prospect of artificial ...
TechCrunch7d
OpenAI inks deal to upgrade Anduril’s anti-drone tech
OpenAI plans to team up with Anduril, the defense startup, to supply its AI tech to systems the U.S. military uses to counter drone attacks. The Wall Street Journal reports that Anduril will ...