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Boeing sells Wisk flying taxi, drone units to Archer
['Leen Al-Rashdan']
Transport Topics
A Wisk Aero flying taxi at the company's hangar in Brisbane, Australia, in 2024.
(Ian Waldie/Bloomberg)Key Takeaways: Boeing agreed to sell Wisk, SkyGrid and Insitu to Archer Aviation while taking an almost 20% stake and forming a technology-sharing partnership.
The deal advances Archer’s autonomous aircraft ambitions as Boeing sharpens focus on commercial and defense businesses amid industry retrenchment from flying taxis.
Archer will integrate the acquired units as FAA certification of its Midnight aircraft remains at least a year away, according to the report.
Boeing Co. will sell several of its units that specialize in developing technologies for flying taxis and drones to Archer Aviation Inc. as the U.S. plane maker focuses on its core commercial and defense units.