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Archer Aviation Exec Says Boeing Deal Will ‘Significantly Change the Profile’ as $200 Million Insitu Business Joins Portfolio
Benzinga8d 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
MarketBeat8d 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.8d 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...

Red Cat Holdings (RCAT) Stock Is Jumping Today: What’s Moving Drone Stocks?
24/7 Wall St.8d agobullish
Red Cat Holdings (RCAT) Stock Is Jumping Today: What’s Moving Drone Stocks?

Shares of Red Cat Holdings (NASDAQ:RCAT) are extending a sharp post-earnings rebound, rising 6.84% in Monday trading to $9.84. That builds on a 22.31% gain over the past week, a run that started from a $7.53 base on July 31. The question worth asking: is the entire drone group moving, or is this RCAT alone? ... Red Cat Holdings (RCAT) Stock Is Jumping Today: What’s Moving Drone Stocks?

Boeing to divest tech ventures for stake in air-taxi startup
AFP8d agoneutral
Boeing to divest tech ventures for stake in air-taxi startup

Boeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup.In its May earnings release, Archer said it had completed the "phase three" of the Federal Aviation Administration's four-phase certification process for its Midnight air taxi vehicle.

Archer Aviation to acquire three aviation technology units from Boeing
Proactive8d agoneutral
Archer Aviation to acquire three aviation technology units from Boeing

Archer Aviation (NYSE:ACHR) shares jumped 16% Monday after the company announced a deal to acquire Boeing Co (NYSE:BA, XETRA:BCO)’s Wisk Aero, SkyGrid and Insitu subsidiaries, expanding its presence across autonomous flight, electric vertical takeoff and landing (eVTOL) aircraft, unmanned...