Archer Aviation will acquire Boeing’s electric aircraft unit, Wisk Aero, along with two related subsidiaries, in exchange for Boeing receiving a nearly 20% stake in the combined company. The companies announced the deal on Monday.
As part of the transaction, Boeing and Archer will establish a collaboration and technology-sharing agreement that preserves Boeing’s access to Wisk’s core autonomous-flight technology for use across its current and future commercial and defense aircraft programs.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
