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Boeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup.In its May earnings release, Archer said it had completed the "phase three" of the Federal Aviation Administration's four-phase certification process for its Midnight air taxi vehicle.
Trump threatens 50% tariffs on Canada, Paramount's Warner Bros deal hits pause, and more news to start your day.
Jul. 9—Dayton's Joby Aviation and rival Archer Aviation have been battling it out not just in a new industry, but in court and now before the U.S. International Trade Commission. The commission is investigating Joby based on a patent infringement and tariff evasion claim filed by Archer this year. How Joby is building its air taxi company in Dayton with workers who are 'production heroes' ...
A U.S. federal court has allowed part of Joby Aviation’s (NYSE:JOBY) trade secret lawsuit against Archer Aviation to move forward. The court dismissed all of Archer’s counterclaims and some of Joby’s allegations, with both sides given the option to refile. This ruling introduces additional legal uncertainty as the companies compete in the urban air mobility and eVTOL market. Joby Aviation, traded as NYSE:JOBY, is developing electric vertical takeoff and landing aircraft aimed at short...