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Boeing sells eVTOL subsidiaries to Archer Aviation

Boeing has announced the sale of three of its eVTOL subsidiaries to Archer Aviation, along with acquiring a stake in the company. The subsidiaries include Wisk Aero, SkyGrid, and Insitu, with plans for technology sharing and continued access to Wisk's autonomous flight systems.

Companies
Boeing Archer Aviation Wisk Aero SkyGrid Insitu

Boeing is selling three of its electric vertical takeoff and landing (eVTOL) subsidiaries to Archer Aviation and will acquire an undisclosed stake in the San Jose-based company. The subsidiaries being sold include Wisk Aero, which is developing an autonomous electric aircraft; SkyGrid, which is creating air traffic management systems for urban air taxis; and Insitu, which manufactures high-altitude drones for the US Navy. Under the terms of the agreement, Boeing and Archer will collaborate on technology, and Boeing will maintain access to Wisk's autonomous flight systems for its commercial and defense projects.

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Original Headline

Boeing is selling its air taxi startups to Archer Aviation

Neutral Headline

Boeing sells eVTOL subsidiaries to Archer Aviation