Boeing is selling three subsidiaries—Wisk Aero, SkyGrid, and Insitu—to Archer Aviation in exchange for an undisclosed stake in the eVTOL startup. This move allows Boeing to focus on its core commercial airplanes, defense, and space operations while helping Archer strengthen its position in electric vertical takeoff and landing aircraft and related technologies. The deal accelerates development for the subsidiaries and expands Archer's military portfolio. Archer aims to launch commercial eVTOL flights by late 2026 or early 2027, positioning itself as a leader in urban air mobility.
Archer Aviation is acquiring Boeing's subsidiaries Wisk Aero, SkyGrid, and Insitu, combining their autonomous flight, air traffic management, and unmanned aircraft technologies with Archer's AI platform ZEE. This deal adds a profitable defense busine...
Boeing posted an 8% increase in revenue for Q2, reaching $24.6 billion, alongside $631 million in positive free cash flow. This marks tangible progress toward sustainable production growth and financial recovery, supported by disciplined balance shee...
Boeing is donating $250,000 through the Boeing Charitable Trust to aid those affected by wildfires in Eastern Washington. The funds will support the Innovia Foundation, which helps local nonprofits, businesses, and community groups provide relief and...
