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Flying taxi maker Archer Aviation's stock pops on Anduril drone deal
Yahoo Finance· 2025-11-18 15:35
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 ...