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-0.00370895041854469 -0.00194462330972316 -0.000643915003219561 0.00708306503541529 0.0392916934964584 -0.0227430779137153 -0.0277784932388925 -0.000643915003219561
Stock impact report

Palmer Luckey's Anduril partners with Archer Aviation to develop "next-gen" vertical takeoff vehicles for the US military [Business Insider]

Archer Aviation Inc. Class A (ACHR) 
Archer has specialized in electric tiltrotor aircraft for urban use. Tech entrepreneur Palmer Luckey's Anduril is teaming up with Archer Aviation to create a new generation of vertical takeoff aircraft it hopes to sell to the US military. A vertical takeoff and landing aircraft, or VTOL, can operate without a runway. VTOL aircraft include helicopters, as well as jets and tiltrotor aircraft that have the advantage of faster airspeeds. Depending on the design, these future aircraft could compete for Defense Department contracts to be logistics workhorses or multi-mission utility aircraft. Anduril, which specializes in AI-powered vehicles for military use, has secured several multimillion-dollar contracts from the US government in recent years. Luckey founded Anduril in 2017 after previously founding virtual reality company Oculus, which he sold to Meta for $2 billion. Archer is an aviation company that generally makes electric tiltrotor aircraft for urban use. The partnership w Show less Read more
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