Boeing Deal Lifts ACHR Stock by 8.87%

Archer Aviation Inc., trading as ACHR on the NYSE, saw its stock soar by 8.87% following news of a transformative deal with Boeing.

Under the agreement, Boeing will transfer its Wisk Aero, Insitu, and SkyGrid units to Archer, adding over $200 million in annual revenue potential and making Boeing a major equity partner in ACHR.

The Q2 results showed earnings per share (EPS) of -$0.34 in line with expectations, but revenue jumped to $5 million versus around $1.9-$1.96 million forecast, signaling early traction for Archer Aviation.

Archer's liquidity remains strong at roughly $1.56 billion in cash and short-term investments, even after heavy Q2 cash burn and infrastructure spending at Hawthorne Airport.