Boeing and Archer have revealed that they have signed deals which will see Archer acquire Boeing’s Wisk, SkyGrid and Insitu subsidiaries for an undisclosed sum. The deal marks Boeing’s exit from the eVTOL business as it looks to concentrate ‘current and future investments into Boeing’s core businesses’. As part of the agreements Boeing will take a stake in Archer and retain access to the Wisk autonomous flight technology for its current and next-generation commercial and defence aircraft.
Speaking about the deal Archer’s Founder and CEO, Adam Goldstein said, “This is a watershed moment for Archer and the future of physical AI in aerospace and defence. This is the next big step forward in becoming a diversified platform, rapidly growing our revenue base and bringing scale to our business.”
“This transaction is a win-win for Boeing and Archer,” said Brian Yutko, Boeing vice president, Commercial Airplanes Product Development. “It allows Wisk, SkyGrid and Insitu to accelerate capability development and time to market while ensuring Boeing capitalizes on its investments in these technologies over the past two decades through continued development in our core businesses. Having worked with the incredible teams in these companies firsthand, it’s clear this transaction will create an industry leader in the advanced aviation market. We look forward to collaborating with Archer to drive continued innovation in aerospace, defense and autonomy.”
Image: Wisk
