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Archer makes wild deal with Boeing swapping eVTOL startups for equity
Archer Aviation is buying three of Boeing’s aerospace subsidiaries: autonomous air-taxi developer Wisk Aero, military drone maker Insitu, and airspace-software firm SkyGrid. The deal also hands Boeing a stake in Archer.
AI Summary
Archer Aviation has acquired three Boeing subsidiaries: Wisk Aero, Insitu, and SkyGrid. This deal involves the exchange of equity between the companies, with Boeing gaining a stake in Archer. The acquired subsidiaries specialize in various areas: Wisk Aero focuses on autonomous air-taxi development, Insitu is a military drone manufacturer, and SkyGrid provides airspace-software solutions. The acquisition has positively impacted Archer's stock, with a significant increase in value following the deal.
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