Boeing is selling three autonomous flight subsidiaries to Archer Aviation in a deal that includes Boeing taking an equity stake in Archer. The companies say the transaction is structured as a transfer of those subsidiaries in exchange for an ownership interest, with the financial terms outside the equity stake not publicly detailed.
Archer is developing an electric vertical takeoff and landing (eVTOL) aircraft that is designed to be piloted. According to The New York Times, Boeing’s stake in Archer is 16.5%, implying Boeing becomes a minority investor rather than maintaining operating control of the sold units. CNBC reports the sale and the stake, but does not specify the percentage, reflecting differences in how outlets describe the disclosed components of the agreement. Overall, both accounts indicate Boeing is repositioning its eVTOL-related assets while continuing to participate in Archer’s development through its investment.
