What Happened
Aerospace Giant Takes Minority Stake in Electric Air Taxi Manufacturer
Boeing is selling three of its subsidiaries, including eVTOL maker Wisk Aero, drone company Insitu, and air traffic software firm Skygrid, to Archer Aviation. The deal allows Boeing to prioritize its commercial, defense, and global services, focusing on safety and quality of its plane manufacturing processes. As part of the agreement, Boeing will take a minority stake in Archer and collaborate on improving and developing new products, according to Manufacturing Dive.