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Archer Aviation to acquire Boeing's Wisk Aero, Insitu, and SkyGrid in stock deal
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Archer Aviation (NYSE: ACHR) is acquiring Boeing's subsidiaries Wisk Aero, Insitu, and SkyGrid in a stock-based transaction. Archer will issue Boeing new shares equal to 19.75% of its outstanding shares, leaving Boeing with about 16.5% ownership. The deal brings Archer over $200 million in annual profitable revenue from Insitu, a maker of unmanned military aircraft used by 35 nations, compared to Archer's own trailing revenue of $6.9 million. Boeing also receives two warrants for $100 million each at $13.00 and $17.88 per share, a board seat nomination right, and an agreement to buy up to $55 million in a future Archer offering. The acquisition is expected to close by end of 2026 pending regulatory approvals. Archer's valuation remains heavily tied to its electric air taxi Midnight, with the acquired businesses contributing only about $200 million of the company's $4.8 billion market cap.
Source report
By Daniel Sparks, The Motley Fool Sat, August 15, 2026 · 3 min read
Archer Aviation (NYSE: ACHR) has agreed to acquire Boeing's (NYSE: BA) Wisk Aero, Insitu, and SkyGrid subsidiaries in a stock-based transaction. Upon closing, Archer will issue Boeing new shares equivalent to 19.75% of its outstanding shares immediately prior to the deal's completion, leaving Boeing with approximately 16.5% ownership — roughly one-sixth of the company.
Revenue Acquisition
The deal brings Archer a revenue base it currently lacks:
- Insitu, a manufacturer of unmanned military aircraft used by armed forces across 35 nations, generates more than $200 million in annual revenue — and Boeing notes it is profitable.
- Archer's own trailing-12-month revenue stands at $6.9 million.
- The acquired revenue is approximately 29 times Archer's current revenue.
Wisk Aero develops autonomous aircraft, and SkyGrid operates digital airspace-management software. Revenue figures for these two businesses were not disclosed.
Deal Terms
- Boeing will receive two warrants, each covering approximately $100 million of stock, with strike prices of $13.00 and $17.88 per share.
- Boeing gains the right to nominate one director to Archer's board.
- Boeing has agreed to purchase up to $55 million of stock in a future Archer offering of at least $400 million, at Archer's election.
The transaction is expected to close by the end of 2026, subject to antitrust waiting periods and national security approvals.
Valuation Context
Because the 19.75% stake is fixed as a percentage of shares outstanding rather than a dollar amount, the ultimate cost to Archer's current shareholders will depend on the stock price at closing.
For reference:
- Archer's current market capitalization: approximately $4.8 billion
- Value of shares to be issued to Boeing (based on Monday's close): approximately $950 million
- Archer's Q2 2026 revenue: $5.0 million
- Q2 net loss: $263.2 million
- Cash and investments: $1.56 billion
What This Means for Archer
Existing shareholders will own roughly one-sixth less of a company that now includes significantly more revenue. However, Archer's valuation remains largely tied to Midnight, its electric air taxi. The acquired businesses contribute approximately $200 million in annual revenue to a company valued near $4.8 billion. The future growth of Wisk and SkyGrid could shift that equation, but for now, the bulk of Archer's valuation still depends on its aircraft.
This article was written by Daniel Sparks and originally published by The Motley Fool.
Source
Yahoo FinanceWestern
Part of this Story
Boeing sells flying-taxi venture Wisk and other assets to Archer for stake