Archer Aviation Jumps on Boeing Deal and AI Bets

Archer Aviation Inc.'s stock price surged after the company announced it would acquire Boeing's Wisk Aero, Insitu, and SkyGrid units in a stock deal that hands Boeing nearly 20% of ACHR shares.

The acquisition is expected to add over $200M in annual revenue and give Archer Aviation a serious boost in autonomous eVTOL, air traffic management, and defense drones.

Archer Aviation also launched the Thunder/Halo hybrid-electric autonomous VTOL platform, lining up Marubeni Aerospace as a strategic launch partner for Halo, and rolled out its Zee aviation AI model and co-founded ACES to build charging at 250+ air-taxi sites by 2030.