Archer Gains Boeing Units for 20% Stake

Archero Aircraft announced that it has acquired Wisk Aero, a subsidiary of Boeing specializing in electric aircraft, along with two other units. This deal grants Boeing a nearly 20% stake in the aerial taxi manufacturing company. The agreement also includes cooperation and technology exchange to develop autonomous flight technology, particularly focusing on self-piloting, vertical takeoff and landing (VTOL) aircraft developed by Wisk. Archero will benefit from access to revenue streams exceeding $200 million annually from InSito Defense, while Boeing continues to concentrate on its core operations after scaling back its ambitions in the air taxi sector. Shares of Archero surged approximately 17% following the announcement, with the deal aimed at strengthening Archero's position in defense and commercial logistics sectors.

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