What Happened
Electric Aircraft Developer Gains Core Technology Through Licensing Agreement
Archer Aviation will acquire Boeing’s Wisk Aero, SkyGrid, and Insitu subsidiaries in an all-stock transaction, making Boeing the largest outside shareholder in the electric vertical take-off and landing developer. The deal includes a cross-licensing agreement that will allow Boeing to use Wisk’s core autonomous flight technology for its current and future commercial and defense aircraft. Boeing will also invest up to $55 million in an upcoming Archer funding round and receive warrants to purchase up to $200 million of the company’s stock. This acquisition was reported by an unknown source.