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Small Business Funding

Anduril, Archer to Make New Military Aircraft for Critical Defense Applications [Video]

Emerging American defense contractor Anduril and U.S.-based eVTOL startup Archer Aviation this morning announced an exclusive new partnership to jointly develop a hybrid VTOL aircraft for critical defense applications, targeting a potential program of record from the DOD. Those are programs that Congress not only intends to fund but has appropriated funding for them in the Future Years Defense Program.

The partners hope to bring together Anduril’s expertise in AI and systems integration and Archer’s ability to rapidly develop advanced VTOL aircraft using existing commercial parts and supply chains in a combined effort to accelerate time-to-market at a fraction of the cost of more traditional alternatives.

As part of the announcement, Archer launched a new program, Archer Defense, which will be supported, in part, by some $430 million in additional equity capital the company plans to also divvy up for other “general corporate purposes.”

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Small Business Funding

Officials urge public to check on vulnerable family members and property during cold snap [Video]

As cold weather approaches, safety officials in the Inland Northwest are emphasizing the importance of preparing for below-freezing temperatures. The community has experienced the damaging effects of extreme cold in the past. Last January, the Post Falls Library and other businesses, including Goodwill, suffered significant water damage due to burst pipes. The library faced the

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Small Business Funding

Kate Middleton Could Soon Be First Princess of Wales to Grant Royal Warrants in 115 Years [Video]

It has been 115 years since a Princess of Wales granted a prestigious royal warrant, and Kate Middleton could soon break that streak and give her official seal of approval to her favorite British businesses the first time a Princess of Wales has done so since 1910.