What Happened
Deal Expands Archer's Capabilities In Autonomy And Evtol Aircraft
Archer Aviation has entered into a definitive agreement to acquire Boeing subsidiaries Wisk Aero, SkyGrid, and Insitu, aiming to merge decades of expertise in autonomy, electric vertical takeoff and landing aircraft, and unmanned aircraft systems. The transaction is expected to create an end-to-end physical AI platform for aerospace and defense, with Wisk bringing advanced autonomy capabilities and Insitu contributing its experience in uncrewed aircraft systems. This acquisition was reported by TradeArabia News Service and IndexBox.