Archer to acquire rival Wisk as Boeing broadens its asset sales

Archer Aviation will acquire Boeing’s Wisk Aero, SkyGrid and Insitu subsidiaries in an all-stock transaction that is poised to make Boeing the largest outside shareholder in the electric vertical take-off and landing developer, the companies announced on Aug. 10. As part of the deal, Boeing and Archer will enter into a cross-licensing agreement that will allow the aerospace giant to use Wisk’s…