Boeing to swap air taxi ventures for Archer stake

Boeing announced an agreement on Monday to divest its air taxi and two other technology ventures to Archer Aviation in exchange for a stake in the startup.

The transaction would transfer Boeing's Wisk autonomous aircraft venture, SkyGrid and Insitu businesses to California-based Archer. Boeing would receive equity and warrants for possible additional stock purchases, with its potential stake capped at just under 20 percent.

The companies said combining their technologies would help Archer bring new products to market more quickly. The deal also includes a collaboration and technology-sharing agreement that keeps Boeing's access to Wisk technology for current and next-generation commercial and defense aircraft.

Archer says it aims to build air taxis that could carry New York City travelers to airports in 15 minutes or less. It is also targeting the 2028 Los Angeles Olympics as a showcase for the technology and announced in November 2025 the $126 million purchase of Hawthorne Airport as a hub in the city.

Archer said in May that it had completed phase three of the Federal Aviation Administration's four-phase certification process for its Midnight air taxi vehicle. The company is due to report results later Monday.

Archer shares rose 12.6 percent in midday trading after the announcement, while Boeing gained 0.5 percent.