Archer is acquiring Boeing subsidiaries Wisk Aero unit, SkyGrid and Insitu, which are working on the development of autonomous aircraft.

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