Archer to acquire Boeing’s Wisk and two subsidiaries for near 20% equity stake
Boeing has agreed to sell its electric aircraft firm Wisk Aero and two other subsidiaries to Archer Aviation, giving the planemaker a nearly 20% stake in the air-taxi maker. The acquisitions include drone maker Insitu and airspace-services provider SkyGrid, providing Archer with access to Boeing's autonomous-flight technology. This move is part of Boeing's effort to streamline its portfolio and focus on its core commercial and defense aircraft businesses.
Despite the eVTOL sector's challenges, Archer CEO Adam Goldstein expressed optimism about the defense and commercial logistics opportunities presented by the acquisition.
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