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Dive Brief:
Boeing is selling three of its subsidiaries to Archer Aviation in exchange for a minority stake in the electric aircraft startup, according to a securities filing Monday.
Archer has agreed to acquire Wisk Aero, a maker of electric vertical take-off and landing aircraft; drone company Insitu; and air traffic software firm Skygrid. Boeing’s stake in Archer will amount to 19.75% of Class A shares with options to buy more shares over the next four years, according to the filing.
Boeing has also agreed to invest up to $55 million in stock in Archer’s next funding round, any time before March 31, 2027. The sale is expected to close by the end of 2026.
