reuters.com

Archer to buy Boeing’s Wisk and two units for near 20% equity stake

Archer Aviation logoArcher Aviation
Sig3.10Sen+3.22Env0.00Soc0.00Gov+0.87
Boeing logoBoeing
Sig2.82Sen+3.49Env0.00Soc+0.54Gov+0.45

Archer and Boeing will collaborate under a technology-sharing agreement that preserves Boeing’s access to Wisk’s autonomous-flight know-how for its commercial and defense programs as Boeing steps back from air-taxi plans. Boeing will receive Archer shares equal to a 19.75% stake before closing and the right to appoint a director; Archer gains access to Insitu, a defense business generating over $200M annually.

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