The Boeing logo is displayed on a Boeing building on Aug. 3, 2026 in El Segundo, California.
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In a move to increase its focus on core operations, Boeing is selling three of its subsidiaries to Archer Aviation in exchange for an undisclosed stake in the startup that focuses on of electric vertical take-off and landing aircraft, known as eVTOLs for short.
The subsidiaries include Wisk Aero, which has been developing an autonomous eVTOL, and SkyGrid, which is developing air traffic management systems to be used by air taxis as urban air mobility goes from test flights to commercial operations. The third Boeing subsidiary being sold, Insitu, develops and manufactures high-altitude drones that have been used worldwide, including by the U.S. Navy.
Brian Yutko, Boeing vice president of commercial airplanes product development, said the deal “allows Wisk, SkyGrid and Insitu to accelerate capability development and time…
