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International Business Times
International Business Times
Business

Archer Aviation Just Unveiled A Military Aircraft With Anduril. Their Stock is Soaring More Than 20%

Archer Anduril Archer Aviation Adam Goldstein Donald Trump Palmer Luckey Anduril Industries CNBC
The aircraft was developed in partnership with Anduril Industries, the defense technology startup founded by Oculus VR founder Palmer Luckey. (Credit: Courtesy/Anduril)

Archer Aviation shares surged more than 20% on Monday after the electric air taxi developer unveiled a new autonomous military aircraft developed with defense technology company Anduril.

The announcement came during the Farnborough International Airshow in the United Kingdom, where Archer CEO Adam Goldstein said the company remains committed to launching its long-awaited electric air taxi service in time for the 2028 Summer Olympics in Los Angeles even as it pursues new opportunities in the defense sector.

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