Archer Aviation has agreed to acquire three Boeing businesses — Wisk Aero, Insitu, and SkyGrid — in exchange for newly issued Archer stock. When the deal closes, Boeing will receive a 19.75% stake in Archer's Class A shares. The acquisition significantly bolsters Archer's defense business. Insitu, a military-drone company, generates over $200 million in annual revenue, compared to Archer's $300,000 in 2025. Wisk has completed more than 1,700 eVTOL flight tests, whilst SkyGrid provides air traffic management. The deal diversifies Archer beyond its urban air taxi ambitions, though it comes at the cost of shareholder dilution. Boeing also holds two warrants that could cause further dilution. Archer's shares initially surged 25% on the news before settling to a 13% gain.

Archer Aviation outlined plans to acquire Boeing's Wisk Aero, Insitu, and SkyGrid divisions during its Q2 earnings call, with Boeing taking a strategic equity stake. The deal is expected to close by year-end. CEO Adam Goldstein said Insitu generates over $200 million in annual revenue. Wisk would add autonomy capabilities, whilst SkyGrid complements Archer's aviation AI platform. Archer's Midnight aircraft remains in the fourth phase of FAA certification, with initial operations planned for later this year. The company has completed more than 150 piloted test flights. Archer's newer Halo and Thunder platform targets first flight in 2027 and customer deliveries by 2029. The company expects its AI products to generate revenue and reach profitability as early as 2027.

Archer Aviation will acquire Boeing's Wisk Aero, Insitu, and SkyGrid subsidiaries, adding a defence business with over $200 million in annual revenue operating in 35 countries. The stock rose 18% following the announcement. The acquisition brings drone hardware and autonomy software. Insitu has built more than 3,500 uncrewed aircraft systems for intelligence and surveillance, whilst Wisk has conducted over 1,700 flight tests of self-piloting eVTOL aircraft across six generations. SkyGrid contributes air-traffic-management software. Boeing will receive Archer shares representing approximately 19.75% of Class A stock, plus warrants covering roughly $100 million of shares exercisable at $13.00 and $17.88. Boeing retains access to Wisk's autonomous flight technology and gains a board seat. The transaction requires antitrust and national security clearance, with completion expected by year-end 2026.