Boeing agrees to sell three autonomous-flight-related subsidiaries to Archer Aviation—handing Archer control of Boeing’s eVTOL and associated technology—while Boeing receives an equity stake in return. The deal covers Wisk Aero, SkyGrid, and drone maker Insitu, according to multiple reports. Archer describes the transaction as part of expanding its platform for electric vertical takeoff and landing operations.
Archer is developing and operating piloted electric aircraft and also builds air-traffic management capabilities, and the acquired units are expected to help accelerate development and scale. The New York Times and CNBC report Boeing’s stake in Archer; The New York Times specifies a 16.5% stake, while other outlets describe it as “near” 20% and note that Boeing’s stake is undisclosed in some coverage. Several outlets also report that Boeing receives warrants and the right to nominate a director to Archer’s board, along with continued access to Wisk’s autonomous-flight technology.
Boeing’s move is framed by outlets as a shift toward its core commercial and defense businesses. Breaking Defense and CNBC note the deal is pending regulatory approval and is expected to close later this year. Reports also highlight that Archer’s share price rises on the announcement.
