Boeing Sells Autonomous Aviation Businesses to Archer Aviation

Boeing has agreed to sell three of its autonomous aviation-focused businesses to Archer Aviation in an all-stock transaction. The deal includes Wisk Aero, Boeing's self-flying air taxi unit, as well as SkyGrid, an air traffic management provider, and Insitu, a developer of military uncrewed aircraft systems.

The agreement gives Boeing warrants to purchase up to $200 million of Archer stock in the future. As a result, The New York Times reported that Boeing will take a 16.5 percent stake in Archer, while The Wall Street Journal reported Boeing's equity as nearly 20 percent.

Archer Aviation executive described the deal as a 'win-win' for both companies.