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EQUIPThe Verge · 1h ago

Boeing is selling its air taxi startups to Archer Aviation

Executive Brief

The 30-second read

Boeing is divesting three electric vertical takeoff and landing subsidiaries to Archer Aviation while acquiring a minority stake in the firm. This strategic realignment transfers development of autonomous aircraft and air traffic management systems to a specialized sector leader.

  • 01Archer Aviation acquires Wisk Aero to integrate autonomous electric aircraft technology into its portfolio
  • 02Boeing maintains exposure to the eVTOL market through an undisclosed equity stake in Archer
  • 03Acquisition includes SkyGrid for the development of specialized air traffic management infrastructure
  • 04Consolidation signals a shift in Boeing's strategy toward external partnerships for urban air mobility

AI-generated summary · Verify at source

Boeing is selling three of its electric vertical takeoff and landing (eVTOL) subsidiaries to Archer Aviation, in addition to taking an undisclosed stake in the San Jose-based company. The subsidiares to be acquired by Archer include Wisk Aero, which has been developing an autonomous electric aircraft; SkyGrid, which is building air traffic management systems to […]