Pending regulatory approval, the sales of drone maker Insitu, air traffic management firm SkyGrid and electric aircraft maker Wisk Aero are expected to close by the end of the year.

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