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 · · 1 min read

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$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.

Good intel travels.

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