Archer Aviation Shares Rise After Unveiling Autonomous VTOL with Anduril
Archer Aviation shares surged 14% following a joint announcement of an autonomous vertical takeoff and landing (VTOL) platform, 'Thunder,' developed in partnership with defense technology firm Anduril. The development comes as the broader eVTOL sector faces challenges, with peers like Joby Aviation and EHang Holdings down significantly year-to-date.
Topics: autonomous_aircraft defense_technology eVTOL stock_price_move