Boeing agreed to sell three subsidiaries — eVTOL developer Wisk Aero, drone maker Insitu and air traffic software firm Skygrid — to electric air taxi company Archer Aviation in exchange for equity, according to a securities filing dated Monday, Aug. 10, 2026. Boeing will hold 19.75% of Archer's Class A shares, with options to buy more over four years, and agreed to invest up to $55 million in Archer's next funding round any time before March 31, 2027. The sale is expected to close by the end of 2026, after which Archer will own Wisk's intellectual property and will share its autonomous flight technology with Boeing for next-generation commercial and defense aircraft. CEO Adam Goldstein said the deals will accelerate Archer's Halo and Thunder autonomous aircraft programs and framed the combination as a "physical AI" platform; Insitu carries over $200 million in annual revenue across 35 countries. The parties had settled trade-secret litigation in August 2023.
- manufacturingdive.com2026-08-10