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 Aviation (ACHR) has secured $430 million in funding and is partnering with Anduril to build a defense aircraft. Archer Aviation CEO Adam Goldstein joins Catalysts with Seana Smith and Madison Mills to discuss the company's new defense unit.

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 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...

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 announced a partnership with Anduril to develop hybrid VTOL aircraft for defense applications.

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.

One of the best known air taxi companies got fresh capital and an angreement to work with the defense technology company, which specializes in autonomous systems.

Archer Aviation, a leading civil eVTOL aircraft developer, has successfully raised an additional $430m in equity capital. Longtime strategic partners Stellantis and United Airlines, along with new investors such as Wellington Management and 2PointZero,