Archer Aviation ($ACHR) agreed to acquire Boeing's Wisk Aero, SkyGrid and Insitu businesses in a transaction that will give Boeing ($BA) a nearly 20% stake in Archer. The deal combines Archer's eVTOL platform with autonomous-flight, air-traffic-management and military drone technologies while Boeing retains access to Wisk's core autonomy technology.
- Boeing will receive Archer shares and warrants, with the transaction expected to close by the end of 2026.
- Boeing will be entitled to nominate one director to Archer's board.
- Wisk has completed more than 1,700 flight tests across six generations of eVTOL aircraft.
- Insitu has fielded more than 3,500 uncrewed aircraft systems and serves armed forces across 35 countries.
- Archer said the acquired businesses have nearly 2 million combined flight hours and will support its ZEE physical-AI platform.
Relevant Companies
- Archer Aviation ($ACHR) - Will acquire all three businesses and add Wisk's autonomy technology, SkyGrid's air-traffic software and Insitu's defense drone operations.
- Boeing ($BA) - Will receive a nearly 20% Archer stake while retaining access to Wisk's autonomous-flight technology.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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