Market
Will Archer Aviation complete its hybrid VTOL aircraft prototype by mid-2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Archer Aviation
Story
Archer Aviation Raises $430 Million, Partners with Anduril to Develop Hybrid VTOL Aircraft for Department of Defense
Dec 12, 2024, 03:39 PM
Archer Aviation has announced a strategic partnership with Anduril Industries to develop a hybrid-propulsion vertical-lift aircraft for military applications. The collaboration comes alongside a significant funding round, with Archer raising $430 million from investors to support its new Archer Defense program. The initial project aims to create a next-generation aircraft that could potentially align with Department of Defense (DOD) initiatives. This partnership reflects a growing interest in defense technology amid rising geopolitical tensions, as startups increasingly view the DOD as a vital source of funding for innovative technologies. Archer's CEO, Adam Goldstein, expressed optimism regarding the new administration's support for the company's initiatives in defense technology.
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Prototype Development • 25%
Testing Phase • 25%
Production Phase • 25%
Operational Deployment • 25%
Reconnaissance • 25%
Weaponized Missions • 25%
Other • 25%
Surveillance • 25%
Successful demonstration with Mach 6 achieved • 25%
Successful demonstration without reaching Mach 6 • 25%
Unsuccessful demonstration • 25%
Demonstration postponed or canceled • 25%