Archer teams up with Anduril and raises $430 million to build defense aircraft [TechCrunch]
Archer Aviation Inc. Class A (ACHR)
Company Research
Source: TechCrunch
Archer Aviation wants in on the action. The aviation startup, which is building vertical take-off and landing (VTOL) aircraft, said Thursday that it has formed a new Archer Defense program, and has raised an additional $430 million in equity from existing investors Stellantis and United, as well as new institutional investors like Wellington Management and 2PointZero, an Abu Dhabi investment holding company. The raise brings Archer's total financing to nearly $2 billion. As part of that program, Archer has signed an exclusive partnership with weapons manufacturer Anduril to jointly develop a hybrid gas-and-electric-powered VTOL aircraft for critical defense applications The companies shared few other details about the aircraft, but said that Archer will build them at its Georgia factory, where it is currently working with Stellantis to mass produce its Midnight electric VTOLs at scale starting this month. Archer plans to launch air taxi networks with the Midnight starting in 2025
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- 1 Reason Archer Aviation May Be a Screaming Buy in 2025 [Yahoo! Finance]Yahoo! Finance
- Here's My Only Major Concern With Archer Aviation [Yahoo! Finance]Yahoo! Finance
- Archer: Abu Dhabi First City With Commercial EVTOL Air Taxis In 2025 [Forbes]Forbes
- Cathie Wood Just Bought 5 Million Shares of Archer Aviation. Should You Follow Her Lead While The Stock Trades Below $10? [Yahoo! Finance]Yahoo! Finance
ACHR
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/19/24 - Form SCHEDULE
- ACHR's page on the SEC website