Boeing to Sell 3 Autonomous Flight Subsidiaries
Boeing subsidiary sales
Covered by 5 sources
- Bloomberg Opinion·2h agoBoeing’s Archer Deal Should Be a Model to Shed Space Assets
The outlook for Boeing Co. to earn copious cash flow is bright. It just turned free-cash-flow positive in the second quarter after years of losses, and the company already has its sights on cash earnings of $10 billion a year. This is driven almost entirely by a rebound of…
Read at Bloomberg Opinion → - ET Tech·23h agoBoeing to divest tech ventures for stake in air-taxi startup
Boeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup. In its May earnings release, Archer said it had completed the "phase three" of the Federal Aviation Administration's four-phase…
Read at ET Tech → - Economic Times·1d agoArcher Aviation shares jump nearly 10% on deal to acquire Boeing’s Wisk, two other units
Archer Aviation shares surged after agreeing to acquire Boeing's Wisk Aero and two other units. This strategic acquisition grants Archer access to Boeing's autonomous-flight technology and defence capabilities. Boeing will receive a significant stake in Archer and board…
Read at Economic Times → - CNBC Top News·1d agoArcher shares surge after Boeing stake, electric aircraft subsidiary deal
Boeing is selling three of its subsidiaries to Archer Aviation in exchange for a stake in the eVTOL startup.
Read at CNBC Top News → - NYT Business·1d agoBoeing to Sell 3 Autonomous Flight Subsidiaries
In exchange for the sale to Archer Aviation, which is developing a piloted electric aircraft, Boeing will receive a 16.5 percent stake in Archer.
Read at NYT Business →