Boeing sold Insitu and Wisk Aero to Archer, which also took an equity stake in Archer Aviation.
2 reports, 2 independent
Updated Aug 11
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New informationRepeats or wire copies
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What happened
Boeing sold Insitu and Wisk Aero to Archer, which also took an equity stake in Archer Aviation.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Archer Aviation acquires Insitu to extend its military portfolio, while Boeing sells subsidiaries to Archer Aviation.Also in this story
- Archer and Joby are competing in the eVTOL market, and the acquisition of Insitu is providing a strong revenue stream for Archer.
- Archer Aviation received three businesses from Boeing in exchange, and the company benefits from Insitu's drone technology.
- Boeing announced the sale of its Insitu subsidiary to Archer Aviation as part of its corporate restructuring.
- Archer Aviation acquired Boeing's subsidiaries for a stake.
The entities involved
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Archer
South Korean pro gamer
Nothing else this week.
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Boeing
American global aerospace and defense corporation
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Insitu
American company
Nothing else this week.