The Boeing Company acquired Wisk Aero LLC (move from joint venture to full ownership), a transaction completed in January 2023, structured as Terms not disclosed.
Wisk Aero LLC (move from joint venture to full ownership) operates in Advanced air mobility / Boeing NeXt, is based in Mountain View, California. Wisk Aero, an autonomous electric vertical-takeoff-and-landing (eVTOL) air-taxi developer, became a wholly owned Boeing subsidiary in early 2023. Wisk originated as a Boeing-Kitty Hawk joint venture formed in 2019; after Boeing committed a further $450 million to Wisk in 2022 and Kitty Hawk wound down, Boeing took full ownership. Wisk is developing a four-seat, all-electric autonomous air taxi and is headquartered in Mountain View, California. Exact terms and the precise closing date of the move to full ownership were not disclosed; the date shown is a year-only placeholder.
Full ownership let Wisk tap Boeing's engineering, resources and certification experience to accelerate development of certified autonomous electric flight.
A leading autonomous eVTOL program positioning Boeing in the emerging advanced-air-mobility market. Access to Boeing engineering, manufacturing and certification expertise to de-risk and accelerate Wisk's aircraft development. Operated as a wholly owned Boeing subsidiary.
Advisory firms were not disclosed for this transaction.