Archer Aviation Stock News

Electric air-taxi company Joby Aviation has sued rival Archer Aviation in California state court for allegedly stealing its trade secrets, according to a complaint made public on Thursday.

Electric air taxi developer Joby Aviation is suing Archer Aviation over allegations its rival used stolen trade secrets extracted from a former employee to interfere in its business.

The skies over the United Arab Emirates have become the primary stage for the urban air mobility industry, where market leaders Joby Aviation NYSE: JOBY and Archer Aviation NYSE: ACHR are turning ambitious plans into operational reality. Recent progress has been swift and decisive.

Joby Aviation sued Archer Aviation, alleging that the air taxi rival used stolen information from a former employee to "one-up" a partnership deal with a real estate developer. The suit alleges that former Joby U.S. state and local policy lead George Kivork stole files and other information before going to work for Archer.

Sold 2,312,285 shares of Archer Aviation, a net change of approximately $25.09 million Post-trade stake: zero shares, valued at $0 The Archer Aviation position previously accounted for about 6.2% of the fund's AUM as of the prior quarter

Archer Aviation said on Wednesday it has signed a deal with The Helicopter Company and luxury developer Red Sea Global, both owned by Saudi Arabia's Public Investment Fund, to develop, test and potentially deploy electric aircraft in the Kingdom.

DUBAI, United Arab Emirates--(BUSINESS WIRE)---- $ACHR--The Helicopter Company (THC), a Public Investment Fund (PIF) company and Saudi Arabia's premier commercial helicopter operator, has signed an agreement at this year's Dubai Airshow with Archer Aviation Inc. (NYSE: ACHR), a U.S.-based aerospace innovator designing and developing the key enabling technologies and aircraft necessary to power ...

Flying taxi startup Archer Aviation jumped 3% Tuesday, working to end a four-day slide.