finance.yahoo.com

Boeing acquires 19.75% stake in Archer, securing Wisk autonomy rights

Archer Aviation logoArcher Aviation
Sig2.90Sen+3.70Env0.00Soc0.00Gov+1.10
Boeing logoBoeing
Sig2.65Sen+3.80Env+0.60Soc+0.30Gov+0.80

Boeing will acquire ACHR Class A shares equal to 19.75% of Archer’s pre-close shares, leaving Boeing with about 16.5% after closing, and will commit up to $55 million in an upcoming Archer investment round. The deal also grants warrants for up to $200 million more stock and includes a cross-licensing agreement letting Boeing keep using Wisk autonomous flight systems across commercial and defense programs.

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