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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 Industries, to jointly develop next-generation aircraft for the military. Archer also announced a new funding round of $450 million to help propel its defense ambitions.
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 amid a broader tech sector slowdown. Archer Aviation wants in on the action.
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 Announces Strategic Partnership With Anduril to Develop Hybrid VTOL Military Aircraft; Raises An Additional $430M
Anduril and Archer (NYSE: ACHR) announced an exclusive partnership to jointly develop a hybrid VTOL aircraft for critical defense applications targeting a potential program of record from the DOD. This press release features multimedia.
Globalair
1h
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, ...
1h
on MSN
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, ...
1d
Joby launches $300M public offering ahead of 2025 commercial eVTOL release
Electric vertical takeoff and landing vehicle startup Joby Aviation has launched a public offering to sell up to $300 million ...
Aviation Week
1h
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 ...
autoevolution
4h
Joby Adds Another Key Partnership for Air Taxi Service in the Middle East
After securing the exclusive right to operate air taxis in Dubai for six years, Joby is partnering with an important local ...
17h
Hyundai’s electric air taxi startup Supernal is moving its HQ from DC to California
Supernal, the urban air mobility startup under Hyundai, is moving its headquarters from Washington DC and to California, ...
thesiliconreview
1d
Joby Aviation Secures $522M in Funding for 2025 eVTOL Launch, Paving the Way for Commercial Aviation Revolution
Joby Aviation raises $522M to advance its 2025 eVTOL launch, revolutionizing commercial aviation with cutting-edge electric ...
Aviation Week
2d
AI-Driven Battery Startup Aionics Begins eVTOL Push
AI-Driven Battery Startup Aionics Begins eVTOL Push is published in Advanced Air Mobility Report, an Aviation Week ...
Globalair
1d
Eve, Signature partner to research ecosystem requirements for AAM ground operations
Eve Air Mobility and Signature Aviation partnered to research ecosystem requirement and the ground services needed for ...
3h
Photos: Radical 620-mile range turbine-hybrid tilting fan aircraft debuts
One of the key features of the ANN Plus is its hybrid propulsion system, which offers both electric and turbine power. The ...
Electrek
7d
UrbanLink expands its eVTOL arsenal, partnering with CRISALION for services in Europe
Advanced air mobility (AAM) operator UrbanLink continues to make big moves in establishing a fleet of eVTOL aircraft for ...
essanews.com on MSN
23h
Flying taxis set to soar: Archer leads 2025 eVTOL charge
Imagine the possibility of flying taxis that take off and land vertically. Such a mode of transport could be an ideal ...
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