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Archer secures US$430m in funding to develop hybrid VTOL aircraft for defence applications

Archer has raised US$430 million in equity funding to support its collaboration with Anduril Industries (Anduril) on the development of hybrid vertical take-off and landing (VTOL) aircraft for defence applications and for other general corporate purposes. The new partnership with Anduril targets a potential programme with the U.S. Department of Defence (DoD) and aims to […]

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