Wisk Aero, Archer, and Boeing Reach Agreement To Settle Litigation and Enter into Autonomous Flight Collaboration; Boeing Invests in Archer’s Latest Funding Round
10 Agosto 2023 - 5:55PM
Business Wire
Wisk Aero (“Wisk”) and Archer Aviation (“Archer”) (NYSE: ACHR),
leaders in the Advanced Air Mobility (AAM) market, along with The
Boeing Company (“Boeing”) (NYSE: BA), today announced that they
have reached a settlement to resolve the federal and state court
litigation between the parties on undisclosed terms.
Simultaneously, the parties have entered into a collaboration
that looks forward to the growth and development of the AAM
industry. Archer has agreed to make Wisk its exclusive provider of
autonomy technology for future variants of Archer’s aircraft.
As part of the parties’ collaboration, Boeing is making an
investment in Archer that will support the integration of Wisk’s
autonomous technology in future variants of Archer’s aircraft.
About Wisk
Wisk is an advanced air mobility (AAM) company dedicated to
delivering safe, everyday flight for everyone. Wisk’s self-flying,
eVTOL (electric vertical takeoff and landing) air taxi will make it
possible for passengers to skip the traffic and get to their
destination faster. Wisk is a fully-owned Boeing subsidiary that
operates separately from Boeing and is headquartered in the San
Francisco Bay Area, with locations around the world. With over a
decade of experience and over 1600 test flights, Wisk is shaping
the future of daily commutes and urban travel, safely and
sustainably. Wisk is on a journey to deliver safe, autonomous,
allelectric, everyday flight, join us and learn more here.
About Archer
Archer is designing and developing electric vertical takeoff and
landing aircraft for use in urban air mobility networks. Archer’s
mission is to unlock the skies, freeing everyone to reimagine how
they move and spend time. Archer's team is based in Santa Clara,
CA. To learn more, visit www.archer.com.
About Boeing
As a leading global aerospace company, Boeing develops,
manufactures and services commercial airplanes, defense products
and space systems for customers in more than 150 countries. As a
top U.S. exporter, the company leverages the talents of a global
supplier base to advance economic opportunity, sustainability and
community impact. Boeing's diverse team is committed to innovating
for the future, leading with sustainability, and cultivating a
culture based on the company's core values of safety, quality and
integrity. Join our team and find your purpose at
boeing.com/careers.
Source: Archer Text: ArcherIR
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Wisk Aero: media@wisk.aero Archer: The Brand Amp
Archer@TheBrandAmp.com
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