Archer Acquires Wisk Aero, Joby Pushes into Defense Sector in Electric Air Taxi Consolidation

In a surprising turn of events, Archer Aviation has acquired its former rival Wisk Aero, marking a significant consolidation in the electric vertical takeoff and landing (eVTOL) sector. Boeing agreed to sell Wisk Aero and two other subsidiaries to Archer, giving it a 16.5% stake in the company. Meanwhile, Joby Aviation has expanded into the defense sector with its acquisition of Resonant Sciences for $500 million. The deal marks Joby's push into the defense industry while it continues to develop electric air taxis.