Boeing and Archer Aviation Announce Strategic Deal to Strengthen Both Companies
Boeing (BA) has entered into an agreement with electric vertical take-off and landing company Archer Aviation (ACHR), in which Boeing will transfer three of its businesses—Wisk, SkyGrid, and Insitu—to Archer. In return, Boeing receives a nearly 20% stake in Archer's Class A stock. The deal is expected to reduce risk for both companies by diversifying their business models and allowing each to leverage the other’s strengths. For Archer Aviation, acquiring these businesses provides access to autonomous flight technology, air traffic management solutions, and an established defense drone unit with over $200 million in annual revenue—offering much-needed early cash flow. For Boeing, exiting these operations allows it to refocus on its core aviation business while still benefiting from the eVTOL industry through its stake in Archer. The transaction is seen as a win-win for both companies and their investors by reducing competition between them and accelerating technological development.
