24 Hrs
Source:
Los Angeles Times
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Archer Aviation to take over Boeing's air taxi project
Archer Aviation is set to acquire Wisk Aero from Boeing, allowing collaboration and access to autonomous flight technology. Boeing will hold a minority stake in Archer and retain rights to Wisk’s technology, with the deal expected to close by year's end. This move aims to strengthen Archer in the competitive electric air taxi market, where it faces rivals like Joby Aviation.
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