Boeing sells flying-taxi unit Wisk to Archer, secures roughly 20% stake

ACHR -1.48% JOBY 0.00% TM +0.79% EVTL +3.32%

1. 1Boeing has agreed to hand over control of its autonomous flying-taxi venture Wisk Aero to Archer Aviation.
2. 2Archer will acquire Wisk, SkyGrid, and Insitu, while Boeing secures approximately a 20% stake, warrants, and board nomination rights.
3. 3The deal is expected to close later this year, and Archer shares jumped 20% in premarket trading.

Source The Wall Street Journal +15 · View original ↗

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