Archer Aviation Soars on Boeing Acquisition Deal

Archer Aviation's stock price surged on Tuesday after the company announced its plans to acquire Boeing's Wisk Aero, Insitu, and SkyGrid units. The acquisition is expected to provide Archer with a significant revenue boost, as Insitu alone generates over $200 million in annual revenue.

The deal, which is set to complete by the end of 2026, includes a defense business that is profitable and brings in more than 667 times the revenue Archer generated in 2025. In contrast, Archer reported only $0.3 million in revenue for the entirety of last year.

Boeing will acquire a 19.75% stake in Archer's pre-closing Class A shares, as well as warrants and the ability to nominate one member to Archer's board. The companies plan to finalize the deal by the end of this year.