Archer Aviation Rockets on Acquisition of Boeing's Autonomous Tech Assets

Archer Aviation's stock surged over 21% in pre-market trading after the company announced its acquisition of Boeing's Wisk Aero, SkyGrid and Insitu subsidiaries.

The deal is expected to bring a deep autonomy foundation to Archer's ZEE artificial intelligence platform, enabling it to deliver an end-to-end physical AI platform across commercial aerospace, defense and air traffic management.

According to Adam Goldstein, Founder and CEO of Archer Aviation, the acquisition represents the next big step in becoming a diversified platform, rapidly growing the revenue base and bringing scale to the business.

Under the collaboration, Boeing will retain access to Wisk's core autonomous flight technology for its current and next-generation commercial and defense aircraft.