Archer Aviation Unveils New Commercial Aircraft in Partnership With Anduril
Archer Aviation (ACHR) unveiled a new commercial aircraft named 'Halo' as part of its partnership with defense company Anduril. Halo shares the same hybrid-electric powertrain and tilt rotor technology used in Anduril's military aircraft, Thunder. The development is seen as significant for Archer’s long-term business strategy despite a 1% drop in stock price.
Tickers: $ACHR
Topics: Archer Aviation eVTOL product development unmanned aircraft