Archer Clears Antitrust Hurdle on Boeing Units Deal

Archer Aviation, developer of the Midnight electric air taxi, has cleared a key hurdle in its planned acquisition of Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries. The U.S. antitrust waiting period has expired for the deal, satisfying one of the conditions required to close it.

The acquisition would combine Archer's aircraft and AI foundation model, ZEE, with the expertise of the three Boeing units in autonomy, eVTOL aircraft, unmanned aircraft systems, and airspace intelligence. Archer describes this combined business as an end-to-end physical AI platform for aerospace and defense.

Archer shares were down 1.23% in premarket trading following the announcement. The company still needs to meet other customary closing conditions, including further regulatory approvals that are currently underway. Despite this, Archer continues to expect completion by the end of 2026.