Key facts
- Archer Aviation has acquired Wisk Aero.
- Boeing has acquired a significant stake in Archer Aviation.
- Joby Aviation has purchased Resonant Sciences.
- The acquisition of Resonant Sciences by Joby Aviation cost $500 million.
- Wisk Aero was formerly a rival to Archer Aviation.
- Joby Aviation aims to bolster its defense sector presence with the acquisition.
Archer Aviation has finalized the acquisition of Wisk Aero, a company that was previously a competitor in the electric vertical takeoff and landing (eVTOL) aircraft market. This significant deal also involves Boeing taking a substantial stake in Archer Aviation. The acquisition is expected to streamline operations and accelerate the development of eVTOL technology.