- Boeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup.
- The transaction shifts to Archer Boeing's Wisk autonomous aircraft venture and SkyGrid and Insitu businesses for the equity and warrants for additional potential stock purchases in California-based Archer.
- Archer is targeting the 2028 Los Angeles Olympics as a showcase opportunity, announcing in November 2025 the $126 million purchase of Hawthorne Airport as a hub in the city.
- Combining the companies' technologies will allow Archer to bring new products to market more quickly, the companies said in a joint statement.
- Archer Chief Executive Adam Goldstein called the deal a "watershed moment" for Archer and the future of physical AI in aerospace and defense, and "the next big step forward" in becoming a diversified platform.
Boeing's recent agreement to divest its air taxi and drone units to Archer Aviation marks a significant shift in the aerospace landscape. The deal includes Boeing's Wisk autonomous aircraft venture and SkyGrid, providing Archer with a potential stake of just under 20% in the startup.12
Archer aims to revolutionize urban transportation by developing a fleet of air taxis capable of transporting New York City travelers to airports in 15 minutes or less, effectively bypassing traffic congestion. The company is also positioning itself for the 2028 Los Angeles Olympics, having recently acquired Hawthorne Airport for $126 million to serve as a hub for its operations.3
The collaboration is expected to expedite the introduction of new products to market, as noted in a joint statement from both companies. Archer's CEO, Adam Goldstein, described the transaction as a “watershed moment” for the company and the future of physical AI in aerospace and defense. He emphasized that this move is a crucial step towards becoming a diversified platform and enhancing revenue growth.56
Additionally, the agreement includes a “collaboration and technology-sharing agreement” that ensures Boeing retains access to Wisk technology for both current and future commercial and defense aircraft, further solidifying the partnership's strategic importance.
“Archer CEO Adam Goldstein called the deal a "watershed moment" for physical AI in aerospace and defense. The startup, targeting the 2028 Los Angeles Olympics, bought Hawthorne Airport for $126 million in November 2025 as a city hub.”
