Archer Aviation (ACHR) Stock Jumps 12% After Boeing Deal and Q2 Earnings
TLDR
- ACHR stock jumped 12% after Archer announced a deal to acquire three Boeing subsidiaries: Wisk Aero, SkyGrid, and Insitu
- Insitu already generates over $200 million in annual revenue and operates in 35 countries
- Boeing will take a nearly 20% stake in Archer as part of the deal
- Q2 revenue came in at $5 million, beating estimates of $2.01 million, while EPS matched forecasts at -$0.34
- Midnight became the first eVTOL to complete Phase 3 of the FAAโs four-phase Type Certification process
Archer Aviation closed at $6.26 on Monday, up 12% after the company announced a major deal with Boeing and reported Q2 earnings that beat revenue expectations.
The stock has been under pressure longer term, down 34% over the past 12 months. But Mondayโs session told a different story.
Archer agreed to acquire three Boeing subsidiaries: Wisk Aero, SkyGrid, and Insitu. The deal marks a clear pivot from a single-product eVTOL company toward a broader aerospace and defense platform.
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