ARC Raiders Update 1.40 launches Phantom Targets project and summer rewards

Embark Studios has released Update 1.40 for ARC Raiders, adding the first phase of the six-stage Phantom Targets Project, expanding the game’s summer crossover with THE FINALS, and opening wishlists for a new cosmetic bundle. The store-focused update also previews more activities arriving with the 1.42 live update.

Key takeaways

Update 1.40 gives Raiders several reasons to return to the Topside, from narrative-driven objectives to limited-time rewards:

• Part 1 of the six-stage Phantom Targets Project is now available.

• Part 2 and a related player event arrive with Update 1.42 on August 18.

• The Embark Summer Celebration links ARC Raiders and THE FINALS through August 20.

• The $20 Tick Hunter Set opens for Steam wishlisting and launches August 18.

• New Volare and Vulpine cosmetic variants are rotating into the in-game store.

Phantom Targets begins its six-part story

The update introduces the first three steps of Phantom Targets, a new Player Project built around unusual signals detected through Shani’s surveillance. Raiders who investigate the source of the data during their Topside runs can earn rewards by completing the opening objectives.

The project is designed to unfold over multiple updates rather than resolve in a single session. Its second part is scheduled to unlock with Update 1.42 on August 18, giving players a continuing thread to follow as they balance exploration, risk, and extraction.

A limited-time event is on the way

The Phantom Targets Player Event will run from August 18 through September 7. During that period, players can earn Merits to unlock a selection of cosmetics, gameplay items, and Raider Tokens.

For players who enjoy planning their sessions around limited-time progression, the event creates a defined window for engaging with the new content. It also extends the Phantom Targets storyline beyond the initial project steps.

ARC Raiders continues its crossover with THE FINALS

Embark’s summer celebration continues across its two multiplayer worlds. Players who log three hours in ARC Raiders by August 20 will receive the Azimuth Bundle for THE FINALS.

The reward connects time spent in Embark’s extraction shooter with its arena-based counterpart, making the promotion especially relevant to players who move between both games. It also reinforces the studio’s broader cross-game approach to seasonal campaigns.

Tick Hunter Set and store additions

The Tick Hunter Set is now available to wishlist on Steam and is scheduled to launch August 18 for $20. The package includes the Tick Hunter Outfit in four color variants, a backpack, a backpack charm, a face tattoo, and 2,400 Raider Tokens.

The in-game store is also adding the Volare set in Black and Yellow variants. On August 11, the Vulpine set will arrive in Green Camo and Black color options, giving players more ways to personalize their Raider before heading into the field.

For Era-zine readers tracking how live-service games blend narrative, community events, and digital fashion, Update 1.40 offers a compact example of that evolving model. The next major checkpoint is August 18, when Phantom Targets expands and the event begins.

Sources

• Embark drops update 1.40 for ARC Raiders, GamingTrend.