Archer announced it has raised $300 million, further reinforcing Archer’s strong financial position and strategically positioning it to accelerate the development of its hybrid aircraft platform for the defense market and beyond.

Leading institutional investors participated in this financing, including funds and accounts managed by BlackRock.

This raise brings Archer’s total liquidity position to approximately $1 billion. Archer has long maintained one of the strongest balance sheets in the industry, and this additional capital further strengthens its position.

Source: https://verticalmag.com/press-releases