TechCrunch·3 min read·medium
Archer buys former rival Wisk Aero
K
Kirsten Korosec
✦AI Summary
Archer Aviation has acquired its former rival Wisk Aero from Boeing in a deal that grants Boeing a significant ownership stake in Archer. This acquisition resolves a long-standing legal dispute over intellectual property and consolidates key players in the electric vertical takeoff and landing aircraft market.
Three years after settling a trade secret lawsuit, electric aircraft company Archer Aviation now owns its former rival, Wisk Aero .
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