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Archer Forms Exclusive Partnership with Anduril to Develop Hybrid VTOL Military Aircraft; Raises $430M
Dec 12, 2024•over 1 year ago
Contract Type
partnership
San JoseManufacturingAdvertisingTransportationAerospace
Description
Archer has announced an exclusive partnership with Anduril to jointly develop a hybrid VTOL aircraft for critical defense applications. This partnership will leverage Archer’s ability to rapidly develop advanced VTOL aircraft using existing commercial parts and supply chains, along with Anduril's expertise in artificial intelligence, missionization, and systems integration. In addition, Archer has raised $430M in additional equity capital to support this initiative and for other general corporate purposes.
Company Information
Company
Archer Aviation
Location
San Jose, California, United States
About
Archer Aviation Inc. is a leader in electric vertical takeoff and landing (eVTOL) aircraft, dedicated to designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks.
San JoseManufacturingAdvertisingTransportationAerospace