Joby Aviation Scores a Win in Its Legal Battle Against Rival Archer Aviation. Will It Help the Slumping Stock?
Joby's suit had a setback, but Archer really took it on the chin.
Joby Aviation Scores a Win in Its Legal Battle Against Rival Archer Aviation. Will It Help the Slumping Stock?
Overview
You've probably heard of "friendly rivalries" in business, but there's nothing friendly about the rivalry between electric vertical takeoff and landing (eVTOL) aircraft makers Archer Aviation (NYSE: ACHR) and Joby Aviation (NYSE: JOBY).
The two aviation start-ups are fighting tooth and nail to be the first to gain commercial approval from the U.S. Federal Aviation Administration (FAA) to operate their eVTOLs as air taxis.
Details
Recently, both companies filed lawsuits against one another alleging (among other things) corporate espionage, fraud, and secret ties to China.
Source
Originally published at www.fool.com.
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