Archer Aviation To Acquire Three Boeing Aerospace Units
Boeing will take an equity stake in Archer as it sheds noncore businesses to focus on commercial airplanes, defense and space.
- Boeing is selling three subsidiaries—Wisk Aero, SkyGrid, and Insitu—to Archer Aviation in exchange for an undisclosed stake, allowing Boeing to focus on core commercial airplanes, defense, and space operations.
- Since taking over in Aug, CEO Kelly Ortberg has been streamlining the aerospace giant to improve its three primary businesses, emphasizing the need to "reset priorities and create a leaner, more focused organization."
- Archer CEO Adam Goldstein said the acquisition is the "next big step forward in becoming a diversified platform, rapidly growing our revenue base and bringing scale to our business." Both companies stand to benefit from Wisk's autonomous technology.
- Targeting commercial VTOL flights later this year or early next year, Archer is the Official Air Taxi Provider of the LA28 Olympic Games, positioning itself as urban air mobility accelerates.
- Shares of Archer trade at $5.59, down 42.96% over the past year, as the company faces cash burn and the need to launch commercial service to justify reaching a $10 price target.
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The Oregonian
The Seattle TimesBoeing is selling flying taxi venture Wisk, WA-based Insitu to Archer
Boeing is selling three subsidiaries to Archer Aviation, a California-based company working on so-called flying taxis, drones and artificial intelligence, according to a joint news release from both companies Monday.
Boeing sells Wisk flying taxi, drone units to Archer
Boeing will take an almost 20% stake in Archer and enter into a technology-sharing arrangement, through which Boeing will retain access to the Wisk core autonomous flight technology for its current and next-generation commercial and defense aircraft.
Air taxi company buys Boeing’s drone unit
A pre-revenue air taxi startup has bought its way into the defense drone business, and Boeing is the one that sold it the keys. Archer Aviation, the Silicon Valley company racing to put electric flying taxis over American cities, announced Monday that it has signed a definitive agreement to acquire three Boeing subsidiaries in a […]
The New York Ledger
The Business TimesArcher Aviation Inc. (ACHR) Q2 2026 Earnings Call Transcript
Follow Archer Aviation Inc. (ACHR) Q2 2026 Earnings Call August 10, 2026 5:00 PM EDT Company Participants Kate Kiewel – Head of Investor RelationsAdam Goldstein – Founder, CEO & ChairmanPriya Gupta – Acting CFO, Acting Principal Financial Officer & VP of FinanceThomas Muniz – Chief Technology Officer Conference Call Participants Savanthi Syth – Raymond James & Associates, Inc., Research DivisionAndres Sheppard-Slinger – Cantor Fitzgerald & Co…
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