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Image Credit: Siliconangle

Archer Aviation raises $300M from Blackrock to expand defense sector focus

  • Archer Aviation raises $300 million in funding for defense sector focus.
  • Funding will be used to accelerate the development of the hybrid aircraft platform, particularly for defense applications.
  • Archer has signed a partnership with Anduril Industries and secured a $142 million contract with the U.S. Air Force for their electric flying taxi, Midnight.
  • Archer also launched Archer Defense to develop next-generation aircraft for defense applications.

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