August 17, 2023 By Helicopters Staff
Wisk Aero and Archer Aviation, both focused on the development of aircraft and systems for the Advanced Air Mobility (AAM) market, along with The Boeing Company, on August 10 announced that they had 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, according to the companies, looks forward to the growth and development of the Advanced Air Mobility (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. Boeing back in June 2023 became the sole owner of Wisk after years of investing into the AAM start-up that tracing its founding to 2010.
Headquartered in the San Francisco Bay Area, Wisk has performed more than 1,600 test flights with the ultimate goal of providing the general population with access to autonomous, all-electric, flight.