Boeing is selling its air taxi startups to Archer Aviation
Boeing is selling three of its eVTOL subsidiaries, including Wisk Aero and SkyGrid, to Archer Aviation. The deal allows Boeing to focus on its core commercial aircraft business while retaining access to key autonomous flight technologies.
Why it matters
This consolidation reflects a strategic shift in the aerospace industry as major players prioritize core manufacturing over speculative urban air mobility ventures.
Boeing is selling three of its electric vertical takeoff and landing (eVTOL) subsidiaries to Archer Aviation, in addition to taking an undisclosed stake in the San Jose-based company.
The subsidiares to be acquired by Archer include Wisk Aero, which has been developing an autonomous electric aircraft; SkyGrid, which is building air traffic management systems to be used by urban air taxis; and Insitu, which makes high-altitude drones used by the US Navy. As part of the deal, Boeing and Archer will share technology and Boeing will retain access to Wisk’s autonomous flight systems for its current and next-gen commercial and defense projects.
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