Three years after settling a trade secret lawsuit, electric aircraft company Archer Aviation now owns its former rival, Wisk Aero.
Under the terms of the deal, Boeing has agreed to sell Wisk Aero and two other subsidiaries to Archer in exchange for an ownership stake in the company, according to a regulatory filing released Monday. The other subsidiaries are SkyGrid, a digital airspace and air traffic management software company and drone maker Insitu.
Originally reported by TechCrunch. Read the full story at the original source.
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