Boeing is offloading three autonomous aviation-focused businesses—including its self-flying air taxi arm Wisk Aero—to Archer Aviation in an agreement that one executive described as a “win-win” for both companies.
Archer will acquire Wisk—as well as SkyGrid, an air traffic management provider, and Insitu, a developer of military uncrewed aircraft systems (UAS)—in an all-stock transaction that gives Boeing warrants to purchase up to $200 million of Archer stock in the future. The New York Times reported that Boeing will take a 16.5 percent stake in Archer, while The Wall Street Journal reported Boeing’s equity as nearly 20 percent.
