Boeing sold its air taxi subsidiary Wisk Aero plus Insitu drones and SkyGrid air traffic software to Archer Aviation in exchange for a 19.75% stake. Deal closes by year-end.

Boeing is selling three of its subsidiaries to Archer Aviation in exchange for an undisclosed stake in the eVTOL startup.

Archer to Shape Physical AI Future of Aerospace and Defense with Acquisition of Boeing's Wisk Aero, Insitu and SkyGrid Subsidiaries; Boeing to Invest in Archer and Collaborate