What Happened
Air Taxi Maker Expands With Boeing Electric Aircraft Unit
Archer Aviation is set to acquire Boeing’s electric aircraft unit, Wisk Aero, along with two related subsidiaries, Insitu and SkyGrid, in exchange for a nearly 20% stake in the combined company. As part of the deal, Archer and Boeing will establish a collaboration and technology-sharing agreement, preserving Boeing’s access to Wisk’s core autonomous-flight technology. Archer’s shares rose 19% in premarket trading following the announcement. The acquisition was reported by Reuters.