Archer buys Boeing's Wisk, SkyGrid and Insitu to expand beyond air taxis
The deal gives Adam Goldstein autonomy technology, airspace software and a defense drone business Boeing says generates over $200 million annually.
By Ryan Merket · Published
Primary source: The Verge
Why it matters
Archer is buying its way into defense revenue and autonomous aviation before passenger air taxis reach scale, while Boeing retains access to the technology without carrying the subsidiaries.
Adam Goldstein (@adamgoldstein13), Archer Aviation's founder and chief executive, agreed to acquire Boeing's Wisk Aero, SkyGrid and Insitu subsidiaries on Monday, assembling autonomous aircraft, airspace software and a revenue-producing defense operation around Archer's electric air taxi program.…
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