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The autonomous aviation sector is consolidating around defense contracts and certification timelines, as capital flows toward manufacturers that can serve both military and commercial markets.
Archer Aviation (NYSE: ACHR), which has worked alongside Boeing (NYSE: BA) for several years, agreed to take that push further by acquiring three Boeing business units in exchange for newly issued stock.
Boeing will receive a stake equal to 19.75% of Archer's Class A shares at the time of closing.
What changes hands and at what cost The three units are Wisk Aero, an eVTOL developer with more than 1,700 completed flight tests; Insitu, which produces uncrewed aircraft systems and has manufactured and fielded more than 3,500 of them; and SkyGrid, an air traffic management platform.
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