Key facts
- Boeing is selling three autonomous flight subsidiaries, including Wisk Aero, to Archer Aviation.
- Archer Aviation is acquiring these subsidiaries in exchange for equity.
- Boeing will receive a nearly 20% stake in the combined company.
- Archer Aviation is developing a piloted electric aircraft.
Boeing has agreed to sell three of its autonomous flight subsidiaries, including its electric aircraft unit Wisk Aero, to Archer Aviation. In exchange for the acquisition, Boeing will receive a nearly 20% stake in the combined company. Archer Aviation is currently developing a piloted electric aircraft. This deal represents a strategic divestment for Boeing in specific autonomous flight units while simultaneously deepening its investment in the electric aviation sector through its stake in Archer.