Boeing Sells Flying-Taxi and Drone Subsidiaries to Archer Aviation in Strategic Refocusing Deal
Boeing is selling three subsidiaries—Wisk Aero, Insitu, and SkyGrid—to Archer Aviation in exchange for nearly 20% equity stake in the electric aircraft startup. The deal adds a profitable defense business generating over $200 million in annual revenue to Archer's portfolio as Boeing refocuses on core commercial and defense operations.
