Boeing is transferring three eVTOL startups, including Wisk Aero, to Archer Aviation for an undisclosed sum while also acquiring a stake in the San Jose-based company.

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