Reported 1 day ago
Archer Aviation Inc. (NYSE:ACHR) recently announced two significant acquisitions aimed at enhancing its development of next-generation defense aircraft. The company acquired a patent portfolio and key personnel from Overair, along with composite manufacturing assets and a large facility from Mission Critical Composites in Southern California. These moves will bolster Archer's in-house capabilities for rapid prototyping, coinciding with robust support for autonomous military systems from the Pentagon's recent budget requests.
Source: YAHOO