Archer Aviation to acquire three Boeing businesses, Boeing gets 19.75% stake

Published Aug 12, 04:35 PM UTC

Archer Aviation (NYSE: ACHR) announced a major deal to acquire three Boeing businesses—Wisk Aero, Insitu, and SkyGrid—in exchange for newly issued Archer stock, giving Boeing a 19.75% stake. The deal significantly bolsters Archer's defense capabilities, particularly through Insitu, a profitable military-drone company generating over $200 million in annual revenue. Archer stock surged up to 25% on the news before settling to a roughly 13% gain. The acquisition positions Archer as a broader aerospace company, expanding beyond its core eVTOL air taxi business into autonomous aviation and defense. The article analyzes the pros and cons of the deal and its implications for investors.