Archer agreed to acquire the Boeing groups containing Wisk, Insitu and SkyGrid, moving autonomous aircraft, defense drones and airspace software under one buyer if the deal closes [E1][E2]. The purchase agreement directly names Wisk, Wisk Australia, Insitu, Insitu Pacific and Boeing Emirates among the interests being sold [E2]. SkyGrid sits inside the Wisk group instead of appearing as a separate purchased interest [E1][E2]. Boeing’s position would shift from direct ownership toward Archer securities, governance rights and technology access [E1][E3].
The headline equity number needs its denominator attached. Archer will issue Class A shares equal to 19.75% of an adjusted pre-closing Class A share base [E1]. That formula does not state that Boeing will own 19.75% after the new shares are issued [E1]. Cash relative to an agreed target, closing debt and unpaid transaction expenses can adjust the consideration, and the agreement redacts the target-cash amount [E1][E2].
Boeing also receives two warrants whose share counts each use a $100 million numerator divided by Archer’s five-day pre-closing average price [E1]. One carries a $13 exercise price and a 12–36 month window; the other uses $17.88 and 12–48 months [E1]. A board nomination right lasts while Boeing holds at least a specified share threshold tied to 10% of Archer’s pre-close Class A base [E1]. Registration rights provide a defined path to eventual resale of the consideration and warrant shares [E1].
The ownership transfer leaves a technology bridge between the companies [E1][E3]. Boeing will retain access to Wisk’s core autonomous-flight technology for current and future commercial and defense aircraft [E3]. Archer and Boeing also plan reciprocal worldwide licenses to specified intellectual property, while transition agreements keep some Boeing services flowing for a limited period [E1]. Direct control moves to Archer while Boeing preserves technical access and financial participation [E1][E3].
Insitu is the package’s visibly fielded machine [E3][E5]. The company reports more than 1.6 million operational flight hours and over 30 international customers for its uncrewed aircraft [E5]. Boeing and Archer describe Insitu as profitable with more than $200 million in annual revenue, based on current financials and estimates [E3]. Audited standalone target financial statements were not public at cutoff, so the stated profitability cannot yet be independently inspected [E1][E3].
Wisk sits earlier on the hardware curve [E4]. The company says it is flight-testing two Generation 6 aircraft in California and still lists type, production and operating approvals on the path to service [E4]. Its observable product is a flying certification program, not an autonomous passenger fleet already carrying customers [E4]. SkyGrid supplies the airspace-software layer, extending the stack from vehicles and autonomy into digital traffic coordination [E1][E3].
Closing still depends on regulatory approvals, contractual conditions and exchange approval for the consideration shares [E1][E2]. The companies expect the acquisition to close by the end of 2026 [E3]. Archer would gain a fielded drone business, a passenger-aircraft test program and airspace software in one corporate perimeter [E1][E3][E4][E5]. Integration and certification will decide whether that perimeter becomes an operating advantage or an expensive wiring cabinet.