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The deal hands Archer control of Boeing's air taxi, drone, and air traffic management units as Boeing refocuses on its core businesses
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Boeing $BA agreed Monday to sell three subsidiaries — Wisk Aero, SkyGrid, and Insitu — to Archer Aviation in exchange for a stake in the eVTOL startup, the companies said. The deal is expected to close by the end of 2026, pending antitrust review.
As part of the transaction, Boeing will take a nearly 20% stake in Archer and receive warrants in the company, according to The Wall Street Journal. Boeing can also nominate a director to Archer's board. The plane maker will retain access to Wisk's autonomous flight technology through a separate collaboration and technology-sharing arrangement.
