ACHR

Archer: propulsion system supply agreement opens new market

Archer secured its first supply agreement for propulsion systems for the Omen autonomous aerial vehicle, with a commitment for 50 units from the United Arab Emirates.

By the SpyStocks desk · 9mo ago · 1 min read

⚡️⚡️⚡️⚡️⚡️⚡️

$ACHR secured its first supply agreement for propulsion systems with Anduril and EDGE for the Omen autonomous aerial vehicle with a commitment for 50 units from the United Arab Emirates.

Archer is essentially opening a new revenue stream - electric engines for large electric flying vehicles.

thereby confirming that Midnight's propulsion system can expand into commercial and defense markets.

Related Stories

IREN: options whales predicted the decline

Option WhalesIREN10h ago1 min read

Nvidia jumps: partnership with Amazon and cancellation of stock sale

BreakingNVDA1d ago1 min read

TTMI stock jumps 15%

PremiumBreakingTTMI2d ago1 min read