Archer announces strategic partnership with anduril to develop hybrid vtol military aircraft; raises an additional $430m

Santa clara, calif.--(business wire)---- $achr--today, 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. with archer's ability to rapidly develop advanced vtol aircraft using existing commercial parts and supply chains and anduril's deep expertise in artificial intelligence, missionization, and systems integration, the partnership will accelerate speed to mark.
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