What Happened
Archer Acquisition Preserves Boeing's Stake in eVTOL Development
Boeing has sold its autonomous air taxi developer Wisk Aero to Archer Aviation in a deal valued at $1 billion. Despite the sale, Boeing retains access to Wisk’s autonomous flight technology through a technology-sharing arrangement and takes a 20% stake in Archer. The move is seen as a win-win for all parties, allowing Wisk to accelerate development while ensuring Boeing capitalizes on its investments. According to Leeham News, the deal reduces risk and frees up cash for Boeing, while preserving its interest in critical eVTOL technology.