Boeing announced a transaction to divest three subsidiaries to Archer Aviation, a company focused on electric vertical take-off and landing aircraft. The aerospace manufacturer will receive a 19.75% ownership stake in Archer’s Class A shares, along with options to acquire additional shares over a four-year period, according to regulatory filings.
The subsidiaries being transferred include Wisk Aero, which has been developing autonomous eVTOL technology; SkyGrid, focused on air traffic management systems for urban air mobility operations; and Insitu, which manufactures high-altitude unmanned aircraft used internationally and by the U.S. Navy. The transaction reflects Boeing’s strategic realignment under CEO Kelly Ortberg, who has prioritized streamlining the company’s operations since taking the position in August 2024.
Archer expects to commence commercial eVTOL operations later this year or early next year and views the acquisition as a pivotal expansion of its business capabilities. The addition of Wisk’s autonomous aircraft technology and SkyGrid’s air traffic infrastructure strengthens Archer’s position as a comprehensive platform for urban air mobility. Insitu’s unmanned aircraft division also extends Archer’s presence in the military sector.
Boeing’s divestment allows the company to concentrate resources on its primary commercial airplane, defense, and space divisions. Company leadership has indicated that such strategic decisions support the organization’s path to improved profitability and operational efficiency. Archer’s stock gained nearly 12% following the announcement of the acquisition agreement.
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