What Happened
Aerospace Giant Streamlines Portfolio Amid Turnaround Efforts
Boeing has announced the sale of Wisk Aero, its air taxi subsidiary, in exchange for a nearly 20% stake in Archer Aviation. The deal is part of Boeing’s efforts to refocus on its core aerospace operations and streamline its portfolio. Boeing will retain market exposure through a collaboration and technology-sharing agreement with Archer, allowing it to apply Wisk’s autonomous-flight technology to its own products. The sale was reported by Reuters.