Boeing is selling three of its electric vertical takeoff and landing (eVTOL) subsidiaries to Archer Aviation, in addition to taking an undisclosed stake in the San Jose-based company.
The subsidiares to be acquired by Archer include Wisk Aero, which has been developing an autonomous electric aircraft; SkyGrid, which is building air traffic management systems to be used by urban air taxis; and Insitu, which makes high-altitude drones used by the US Navy. As part of the deal, Boeing and Archer will share technology and Boeing will retain access to Wisk's autonomous flight systems for its current and next-gen commercial and defense projects.
…This article was originally published by The Verge and written by Andrew J. Hawkins.
Read original article on The Verge