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Palmer Luckey’s defense tech company will make next-gen military aircraft with Archer
Electric aviation startup Archer Aviation signed an exclusive deal with Palmer Luckey’s defense contractor, Anduril Industries, to jointly develop next-generation aircraft for the military. Archer also announced a new funding round of $450 million to help propel its defense ambitions.
Archer teams up with Anduril and raises $430 million to build defense aircraft
Funding to defense tech companies has boomed in 2024 as geopolitical tensions rise, advancements in AI abound, and investors seek out a new growth area amid a broader tech sector slowdown. Archer Aviation wants in on the action.
Anduril and Archer building hybrid aircraft for military use
Defense contractor Anduril Industries and Archer Aviation are together developing a hybrid-power vertical takeoff and landing aircraft they hope can win the Pentagon's favor. Why it matters: Climate change concerns,
Archer Announces Strategic Partnership With Anduril to Develop Hybrid VTOL Military Aircraft; Raises An Additional $430M
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. This press release features multimedia.
2h
on MSN
Biden commutes 1,500 sentences, issues 39 pardons in 'largest single-day grant of clemency'
The White House announced on Thursday that it would commute the sentences of nearly 1,500 individuals placed on home ...
15h
on MSN
Department of Defense partners with North Dakota company for battery material research
The United States Department of Defense (DoD) is partnering with Talon Metals in North Dakota as part of Senator John ...
Nextgov
17h
Defense officials hopeful incoming administration keeps funding cutting-edge tech
Beyond the funding, the flexibility Congress has given DIU will enable the office to get new tech to warfighters much faster, ...
15h
House approves massive National Defense Authorization Act with controversial provision
The U.S. House passed the country's annual defense policy bill, the $895 billion National Defense Authorization Act that ...
16h
US House passes massive defense policy bill, despite transgender provision
The U.S. House of Representatives passed a defense policy bill on Wednesday, governing a record $895 billion in annual ...
1h
on MSN
House passes nearly $1 trillion defense spending bill, adding to US debt of $36 trillion
The U.S. House passed a mostly bipartisan bill to spend nearly $1 trillion on national defense, adding to the already growing ...
federalnewsnetwork.com
15h
Compromise defense bill to give 14.5% pay raise for junior enlisted troops
While the 14.5% pay raise is not as high as the House-proposed 19.5% pay bump, it is significantly higher than the ...
USNI
2d
Congress Says Navy Hiding Information on Sub Pricing in New Defense Policy Bill
A bipartisan group of lawmakers is accusing the Navy of withholding information from Congress about funding strategies and ...
Opinion
11d
Opinion
Commentary: Department of Defense needs Hegseth as a change agent
Nominee Pete Hegseth will expose generals and admirals who act out of self-interest and will refocus the military on its core ...
1d
US defense chief observes drills with Japan, Australia, says he’s confident about greater capability
U.S. Secretary of Defense Lloyd Austin has expressed confidence about enhanced military capabilities among the United States, ...
Marijuana Moment
17h
House Passes Defense Bill That Omits Provisions To Prevent Marijuana Testing For Military Recruits
The U.S. House of Representatives has approved a must-pass defense bill for that omits previously passed provisions to prevent drug testing for marijuana as a condition of enlistment in the military ...
Opinion
2d
Opinion
Good luck reforming the Department of Defense
Zumwalt moved to re-capitalize the Navy by cutting about one-third of its fleet thereby freeing up funds for newer, more ...
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