Archer Aviation to Acquire Boeing’s Wisk Aero, Insitu and SkyGrid Subsidiaries

Archer Aviation signed definitive agreements to acquire Boeing’s Wisk Aero, SkyGrid and Insitu subsidiaries. The deal is intended to create an end-to-end “physical AI” platform for aerospace and defense by combining autonomy and airspace intelligence capabilities from the acquired businesses with Archer’s aviation AI foundation model ZEE. In connection with the transaction, Boeing will take an equity stake in Archer and enter a technology-sharing collaboration.