Archer Aviation to acquire Boeing's Wisk Aero, SkyGrid, and Insitu; Boeing takes equity stake
Archer Aviation and Boeing signed definitive agreements for Archer to acquire Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries, adding a defense business generating $200M+ in annual revenue across 35 countries. Boeing will take an equity stake in Archer as part of the deal. Archer's stock rose nearly 25% following the announcement. The acquired autonomy, airspace management, and drone capabilities fold into Archer's ZEE aerospace/defense AI platform.
Detected & updated continuously · Source: Nebula
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@Volume_Stocks
$ACHR $BA Partnership 🛩️ Archer picks up Wisk Aero, SkyGrid, and Insitu from Boeing, instantly adding a defense business pulling in $200M+ a year across 35 countries. 🤖 The autonomy and airspace-intelligence tech from those three folds into ZEE, Archer's aerospace/defense AI
@StockSavvyShay
$BA takes a stake in $ACHR as Archer acquires Wisk, SkyGrid and Insitu businesses to build an end-to-end physical AI platform for aerospace and defense. The deal adds $200M in annual revenue and proven autonomy, airspace management and drone capabilities to Archer’s ZEE stack. https://t.co/sJ8FZiW9sx
@business
Archer Aviation and Boeing signed definitive agreements for the flying taxi company to acquire Boeing’s Wisk Aero, SkyGrid, and Insitu subsidiaries. As part of the deal, Boeing also will take a stake in Archer https://t.co/p63BQUiW8D
@StockSavvyShay
$ACHR up nearly 25% after announcing Boeing will take an equity stake. https://t.co/xFlolXTVUJ