EXPLORESmart Cities Dive · 1h ago
Archer Aviation to acquire eVTOL company Wisk Aero from Boeing
Executive Brief
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Boeing is set to acquire nearly 20 percent of Archer Aviation's Class A shares. This strategic move includes a future stock investment and the integration of eVTOL developer Wisk Aero into Archer's operations.
- 01Boeing will acquire approximately 20 percent of Archer Aviation Class A shares
- 02The transaction includes a commitment for a future stock investment in Archer
- 03Archer Aviation will acquire eVTOL developer Wisk Aero as part of the agreement
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London Business News: Executive Guide →AI-generated summary · Verify at source
The aircraft giant will acquire nearly 20% of Archer's Class A shares and make a future stock investment in the company.