Mentioned:
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There’s a new partnership in defense tech. And they want to focus on changing how combat happens in the sky.
What’s happening:
- Archer Aviation (NYSE: ACHR) and unicorn defense tech company Anduril have announced a new partnership to build vertical takeoff and landing aircraft for defense purposes
The big idea:
- Archer and Anduril are aiming to develop entirely new types of hybrid powered vertical takeoff and landing aircraft that could be deployed for military purposes including both surveillance and rescue missions
- By leveraging Anduril’s artificial intelligence models and software platforms, the new vertical takeoff and landing aircraft built by Archer will have the capabilities to operate autonomously, detect threats and make tactical decisions in real time
Why it matters:
- Anduril has been launching a flurry of new disruptive partnerships with some of the world’s most important technology companies, just recently announcing new collaborations with OpenAI and Palantir (NASDAQ: PLTR)
By the numbers:
- In order to accelerate this new partnership with Anduril, Archer has raised $430M USD in a new equity financing round led by Stellantis and United Airlines
Going deeper:
- This is not the first time Archer has pursued bringing their aircraft technology to the American military, as they notably have an existing deal with the United States Air Force focused on their Midnight electric vertical takeoff and landing aircraft
