Archer has made strategic asset and manufacturing acquisitions, accelerating the development of its next-generation defense aircraft to meet growing demands from worldwide allied defense programs.
The company has acquired a patent portfolio and hired key employees from Overair. This is a spin-off of Karem Aircraft which developed fixed-wing and rotary-wing aircraft, focussed on high-efficiency tiltrotors.
Archer has also gained key composite manufacturing benefits, with an approximately ~60,000 square foot manufacturing facility in Huntington Beach, CA from Mission Critical Composites.
This enables Archer to bring core composite fabrication capabilities in-house, aiding rapid prototyping and iteration in its defense program.
Adam Goldstein, founder and CEO of Archer stated, “The Administration has made it clear: Leading in advanced aviation in both commercial and defense is a national priority. These acquisitions are part of our commitment – we’re working to accelerate our product development to meet our country’s needs.”
These acquisitions build on Archer’s strategic partnership with Anduril to co-develop hybrid, autonomous VTOL military aircraft, followed by $1.3B in capital raised for defense and commercial opportunities
The developments also follow strong industry momentum, with the Pentagon’s recent $13.4 billion budget request allocation for autonomous military systems.
