Boeing Unloads Subsidiaries on Archer Aviation for Flying Taxi Push

Boeing is selling three of its subsidiaries to Archer Aviation, a California-based company working on flying taxis and drones. The aerospace giant will transfer ownership of Wisk, an autonomous flying taxi subsidiary based in California, Washington-based Insitu, which develops unmanned aircraft systems, and SkyGrid, a ground-based air traffic management solution headquartered in Texas.

The deal announced Monday also includes Boeing taking a nearly 20% stake in Archer. As part of the agreement, Boeing will retain access to Wisk's autonomous flight technology for its current and future aircraft. Archer CEO Adam Goldstein called the deal 'a watershed moment for Archer and the future of physical AI in aerospace and defense.'

Archer Aviation is working on electric vertical takeoff and landing (eVTOL) aircraft, also known as flying taxis. These vehicles rely on rechargeable batteries rather than jet fuel and are part of the aviation industry's push to decarbonize.

The transaction is expected to close by the end of 2026. Boeing has been reviewing its portfolio under new CEO Kelly Ortberg, who took the reins in 2024 after a midair fuselage blowout incident.