Archer today announced two strategic acquisitions “to accelerate the development of its next-generation defence aircraft,” according to the company.
Archer acquired a patent portfolio and hired critical employees from Overair, a spin-off of Karem Aircraft. Karem Aircraft developed and manufactured advanced fixed-wing and rotary-wing aircraft focused on the use of high-efficiency tiltrotors, said the company. Archer also acquired key composite manufacturing assets and an approximately ~60,000 square foot manufacturing facility from Mission Critical Composites, a specialized defence composite manufacturer in Southern California.
“These assets allow Archer to bring core composite fabrication capabilities in-house, supporting its defence programme needs for rapid prototyping and iteration…These acquisitions build on Archer’s December 2024 announcement of a strategic partnership with Anduril to co-develop hybrid, autonomous VTOL military aircraft—followed by USD1.3B in capital raised to pursue both defence and commercial opportunities,” said Archer in a press release.
“Both acquisitions come on the heels of strong industry momentum with the recent announcement of a budget request allocation by the Pentagon of USD13.4 billion for autonomous military systems. “
For more information
https://news.archer.com/archer-accelerates-defense-program-with-two-strategic-acquisitions-as-it-pursues-growing-demand