What Happened
eVTOL Startup Expands into Defense with Boeing Stake
Archer Aviation has announced a major deal with Boeing, acquiring three of its aerospace subsidiaries, including Wisk Aero, Insitu, and SkyGrid. The acquisition gives Boeing a stake in Archer and is expected to accelerate the company’s eVTOL plans. Insitu, a defense drone maker, generates over $200 million in annual revenue and has built more than 3,500 uncrewed aircraft systems. The deal is expected to close by the end of 2026, pending antitrust review, as reported by Electrek.