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Boeing’s Archer deal allows focus on core business, Bank of America says
Proactive44d agoneutral
Boeing’s Archer deal allows focus on core business, Bank of America says

Boeing Co (NYSE:BA, XETRA:BCO)’s sale of subsidiaries Wisk Aero, Insitu and SkyGrid to Archer Aviation should allow the aerospace company to focus more closely on its core business, according to Bank of America analysts, who see the transaction as a sensible move despite initially questioning...

Archer Aviation: Ready for Takeoff?
Zacks44d agoneutral
Archer Aviation: Ready for Takeoff?

With its regulatory lead, strategic partnerships, and best-in-breed technology, Archer Aviation is positioned to be a leader in the burgeoning air taxi industry.

Archer Aviation Exec Says Boeing Deal Will ‘Significantly Change the Profile’ as $200 Million Insitu Business Joins Portfolio
Benzinga45d agoneutral
Archer Aviation Exec Says Boeing Deal Will ‘Significantly Change the Profile’ as $200 Million Insitu Business Joins Portfolio

Archer Aviation Inc.‘s (NYSE:ACHR) deal with Boeing Co. (NYSE:BA) could significantly reshape the electric vertical take-off and landing (eVTOL) company. Insitu’s $200 Million Revenue Business During the company’s second-quarter earnings call on Monday, Archer’s Chief Financial Officer Priya Gupta hailed the company’s acquisition of unmanned aircraft systems manufacturer Insitu, as well as autonomous eVTOL maker Wisk Aero and SkyGrid in an all-stock deal. Read Also: Rocket Lab USA, Hims & Hers,

Archer Aviation Q2 Earnings Call Highlights
MarketBeat45d agoneutral
Archer Aviation Q2 Earnings Call Highlights

Archer Aviation (NYSE:ACHR) said it has entered agreements to acquire Boeing-owned Wisk Aero, Insitu and SkyGrid in an all-stock transaction that is expected to close by the end of the year, broadening its operations beyond electric air taxis into unmanned aircraft systems, aviation artificial intel

What Is Boeing (BA) Signaling By Trading Three Units For Equity?
Simply Wall St.45d agoneutral
What Is Boeing (BA) Signaling By Trading Three Units For Equity?

Boeing (NYSE:BA) agreed to transfer its Wisk Aero, SkyGrid, and Insitu subsidiaries to Archer Aviation in an equity transaction announced recently. The deal gives Boeing a substantial equity stake in Archer and a seat on Archer's board in exchange for the subsidiaries. The agreement keeps Boeing and Archer working together on autonomous flight technologies following the transfer. Archer gains expanded exposure to advanced air mobility, defense, and air traffic management through the acquired...