Stocks
Archer Acquires Boeing Subsidiaries in Electric VTOL Deal
Archer Aviation Inc., (ACHR) announced on Monday that it will acquire Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries. The deal combines complementary capabilities in autonomy, electric vertical takeoff and landing aircraft, and unmanned aircraft systems.
The acquisition is seen as a transformative move for Archer, bringing together decades of experience in these areas. Financial terms were not disclosed, but the impact on the company's stock was immediate, with shares soaring after the announcement.