This move may indicate Boeing's shift in focus towards more established urban air mobility players. The deal could suggest a consolidation trend in the flying-taxi market, which may benefit Archer Aviation's competitive position. Boeing's retained access to Wisk's technology indicates a continued interest in autonomous flight capabilities.
Aerospace Giant Takes Minority Stake in California Startup
Boeing has agreed to sell its flying-taxi venture, Wisk Aero, to rival Archer Aviation, along with air-traffic software provider SkyGrid and drone maker Insitu. In exchange, Boeing will take a minority stake in the California startup. The deal allows Boeing to retain access to Wisk’s autonomous-flight technology. This development was reported by an unknown source.
This move may indicate Boeing's shift in focus towards more established urban air mobility players. The deal could suggest a consolidation trend in the flying-taxi market, which may benefit Archer Aviation's competitive position. Boeing's retained access to Wisk's technology indicates a continued interest in autonomous flight capabilities.
Aerospace Giant Takes Minority Stake in California Startup
Boeing has agreed to sell its flying-taxi venture, Wisk Aero, to rival Archer Aviation, along with air-traffic software provider SkyGrid and drone maker Insitu. In exchange, Boeing will take a minority stake in the California startup. The deal allows Boeing to retain access to Wisk’s autonomous-flight technology. This development was reported by an unknown source.