What Happened
Acquiring Boeing Assets to Boost Defense and AI Capabilities
Archer Aviation Inc. has announced plans to acquire Wisk Aero, Insitu, and SkyGrid from Boeing, with the goal of expanding its aerospace, defense, and aviation-AI platform. The acquisition, which is expected to close by year-end, will add autonomy and flight-control capabilities to Archer’s portfolio. Meanwhile, the company remains focused on certifying and launching its Midnight eVTOL aircraft, with initial operations planned for later this year. This development was first reported by Zacks Investment Research.