Archer Aviation Inks Deal with Boeing to Acquire Wisk Aero, Insitu, and SkyGrid

Archer Aviation (NYSE: ACHR) has entered into agreements to acquire Wisk Aero, Insitu, and SkyGrid from Boeing in a highly strategic transaction. The deal will see Boeing take a stake in Archer in exchange for the acquisition of these companies.

The acquisition is expected to accelerate Archer's evolution into a diversified aerospace and defense platform. With this move, Archer's product portfolio will span piloted air taxis, unmanned aircraft systems (UAS) in Groups 2 through 5, purpose-built AI for aviation, and the vertical technology stack for autonomous flight.

Archer will also acquire Insitu, a reputable ISR drone manufacturer with over $200M in annual revenue across 35 countries. Insitu's fleet has flown nearly 2 million autonomous flight hours, building one of the largest datasets of its kind, key to Archer's autonomy development.