Monat: August 2023
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Wisk and Archer Formed Partnership instead of the Litigation
How do you get out of the litigation with a competent competitor? Perhaps by turning it into a partner and, even better, a shareholder could be a winning situation. This is the result of the year-long legal battle between Archer and Wisk now wholly-owned by Boeing. On 10 August 2023 Wisk Aero (“Wisk”) and Archer…
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Vertical’s eVTOL Prototype Had An Accident
On 9 August 2023 the British eVTOL startup Vertical Aerospace filed a K-6 form to the Securities and Exchang Commission (SEC) revealing an accident involved with its VX4 eVTOL prototype. According to the filing, VX4 had an accident on Wednesday August 9, 2023 during flight testing at its Flight Test Centre at Cotswold Airport, UK. The…
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Archer Signed $142 Million Contract With US Military for 6 eVTOL
Ther American eVTOL startup Archer announced that it has significantly expanded its partnership with the DoD by signing new contracts with the U.S. Air Force with a total value of up to $142 million including the delivery of up to six of Archer’s Midnight aircraft to the Air Force, the sharing of additional flight test…