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Archer Aviation to Acquire Boeing’s Wisk, Insitu and SkyGrid

Archer Aviation logoArcher Aviation
Sig3.10Sen+4.30Env0.00Soc-1.10Gov+1.60
Boeing logoBoeing
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Archer Aviation will acquire Boeing’s Wisk Aero, Insitu and SkyGrid subsidiaries in a single deal. Boeing will receive an equity stake in Archer and a nominee board seat to stay connected to the autonomy work it funded. Wisk’s eVTOL platform and Insitu’s ScanEagle uncrewed reconnaissance aircraft are expected to feed nearly two million flight-hours of data into Archer’s ZEE AI model.

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