Key facts
- Boeing is selling three autonomous flight subsidiaries to Archer Aviation.
- Wisk Aero is one of the subsidiaries included in the sale.
- Boeing will receive a nearly 20% stake in the combined company.
- The deal represents a strategic investment by Boeing in the electric aviation sector.
- Archer Aviation develops electric vertical takeoff and landing (eVTOL) aircraft.
Boeing has entered into an agreement to sell three of its autonomous flight subsidiaries to Archer Aviation. Among the subsidiaries being sold is Wisk Aero, a company focused on developing autonomous flight technology. In exchange for these assets, Boeing will acquire a substantial stake of nearly 20% in Archer Aviation. This transaction signifies Boeing's strategic commitment to the electric aviation industry and its future potential.
The sale includes Boeing's majority ownership in Wisk Aero, which has been a key player in the development of autonomous eVTOL aircraft. Archer Aviation, a company already established in the eVTOL market, will integrate these acquired assets into its operations. This consolidation is expected to accelerate the development and commercialization of electric aviation technologies.