Flying taxi maker Archer Aviation's stock pops on Anduril drone deal

Shares of Archer Aviation (ACHR), the electric vertical takeoff and landing (eVTOL) maker, jumped on Tuesday after the company inked a deal with defense AI firm Anduril (ANIN.PVT) to power its drones. Archer Aviation stock climbed 2% in early trade on Tuesday. Archer announced from the Dubai Air Show that it would supply Anduril — and its UAE-based partner EDGE Group — with Archer's "dual-use electric powertrain technology." The deal would accelerate the development and scaled production of Anduril's Ome ...