What Happened
Aerospace Giant Divests Non-Core Assets in Strategic Partnership
Boeing is selling three subsidiaries to Archer Aviation in an all-stock deal, becoming a strategic partner in the electric aircraft startup. The deal includes the transfer of ownership of Insitu, SkyGrid, and Wisk Aero, with Boeing taking a nearly 16.5% stake in Archer. The partnership aims to accelerate capability development and time to market for the subsidiaries, while allowing Boeing to capitalize on its investments in these technologies. The deal was announced by Breaking Defense.