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Archer Aviation to Acquire Boeing's Wisk Aero, SkyGrid and Insitu in Exchange for Nearly 20% Equity Stake

By Market Flux···1 min read

Archer Aviation signed definitive agreements on August 10 to acquire three Boeing subsidiaries, Wisk Aero, SkyGrid and Insitu, with Boeing receiving a nearly 20% equity stake in Archer along with warrants and the right to nominate a director to Archer's board. Wisk Aero has been developing an autonomous eVTOL aircraft, SkyGrid provides air-traffic management software for urban air mobility, and Insitu manufactures high-altitude drones used in military applications and generates more than $200 million in annual revenue. Boeing will retain access to Wisk's autonomous-flight technology under the terms of the deal.

The transaction is expected to close by the end of 2026. Archer shares surged roughly 20% on the news. The deal is Boeing CEO Kelly Ortberg's latest divestiture as he continues to focus the company on its core commercial jet and defense businesses, while Archer gains scale, military revenue exposure and the infrastructure needed to support commercial eVTOL operations.

Archer had a market capitalization above $4 billion as of the Friday prior to the announcement.

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Sources

  1. WallstengineArcher $ACHR to acquire Boeing’s Wisk Aero, SkyGrid and Insitu in an aerospace AI deal. Boeing $BA will take an equity stake in Archer and retain access to Wisk’s autonomous flight technology. Insitu generates $200M+ in annual revenue, while the acquisitions are expected to
  2. MarketsdayArcher to Acquire Boeing's Wisk, SkyGrid, and Insitu to Build Physical AI Platform - $ACHR $BA
  3. CnbcArcher shares surge after Boeing stake, electric aircraft subsidiary deal
  4. BusinessArcher Aviation and Boeing signed definitive agreements for the flying taxi company to acquire Boeing’s Wisk Aero, SkyGrid, and Insitu subsidiaries. As part of the deal, Boeing also will take a stake in Archer
  5. Yahoo FinanceBoeing sells Wisk, Insitu, SkyGrid to Archer Aviation for equity stake