What Happened
Deal Combines Complementary Capabilities in Autonomy and eVTOL
Boeing has agreed to sell its Wisk Aero, SkyGrid, and Insitu subsidiaries to Archer Aviation in exchange for nearly 20% of Archer’s Class A stock. The deal combines complementary capabilities in autonomy, electric vertical takeoff and landing (eVTOL) aircraft, and unmanned aircraft systems (UAS). Boeing will retain access to the Wisk core autonomous flight technology for its current and next-generation commercial and defense aircraft. The transaction was reported by Design and Development Today.