NYSE:ACHR

Track all markets on TradingView - Prices are not updated in real time
Archer Aviation to Acquire Boeing’s Wisk, Insitu and SkyGrid in Major Aerospace and Defense Deal

Archer Aviation (NYSE: ACHR) has agreed to acquire Boeing’s Wisk Aero, Insitu and SkyGrid subsidiaries in a major transaction designed to transform Archer into a broader aerospace, defense and autonomous aviation platform.

The deal combines Archer’s eVTOL aircraft, unmanned systems and ZEE AI platform with Wisk’s autonomous flight technology, Insitu’s defense-focused unmanned aircraft systems and SkyGrid’s automated airspace management software. Together, the businesses have accumulated nearly two million flight hours.

The acquisition also gives Archer an established and profitable defense operation generating more than $200 million in annual revenue, with activities spanning 35 countries. Insitu alone has manufactured and deployed more than 3,500 unmanned aircraft systems, providing Archer with a substantially larger presence in the global defense market.

Boeing to Invest in Archer

As part of the transaction, Boeing (NYSE: BA) will take an equity stake in Archer and become a strategic partner. The companies will also establish a technology-sharing arrangement, allowing Boeing to retain access to Wisk’s autonomous flight technology for future commercial and defense aircraft.

For Boeing, the transaction allows the company to concentrate capital on its core businesses while maintaining exposure to the technologies developed by Wisk, Insitu and SkyGrid through its Archer investment and partnership.

For Archer, the acquisition represents a significant diversification beyond its emerging air-taxi business. The company intends to combine autonomous flight, AI, drones, airspace management and eVTOL technologies into what it describes as an end-to-end “physical AI” platform for commercial aerospace and defense.

The transaction is expected to close by the end of 2026, subject to regulatory approvals and other customary closing conditions.
💬
Author
Global Finance News 08-11-26
Archer Aviation Inc. said it has filed a motion to dismiss a lawsuit brought by Joby Aero, Inc., according to a regulatory filing dated January 23, 2026. The legal action was previously disclosed in November 2025.

Archer stated that no hearing has yet been scheduled on the motion and that it plans to vigorously defend itself against the claims as the case proceeds.
💬
Author
Global Finance News 01-27-26
Archer Aviation Appoints Harsh Rungta as SVP Finance and Chief Accounting Officer
San Jose, CA – March 31, 2025 – Archer Aviation Inc. (NYSE: ACHR) announced the appointment of Harsh Rungta as Senior Vice President, Finance and Chief Accounting Officer, effective immediately. Mr. Rungta will serve as the Company’s principal accounting officer.

Background
Prior to joining Archer, Mr. Rungta served at Tesla, Inc., most recently as Director, Accounting Controllership since April 2024.

He previously held leadership roles at Tesla and began his career with over 12 years at PwC.

Mr. Rungta holds a Bachelor of Commerce from Delhi University, is a Chartered Accountant (India) and a CPA (inactive) in California.

Compensation Terms
Base salary: $375,000

Sign-on bonus: $200,000

Relocation bonus: $50,000

Annual bonus eligibility: Target $200,000

Equity award: $2 million in RSUs based on March 2025 average closing stock price

Refresh RSUs: Eligible as part of annual grant program

Additional benefits include participation in Archer’s standard employee benefit plans.
💬
M
ME NEWS 04-04-25
share news and insights
💬
Author
The Investor 02-28-25
Video Thumbnail
11-19-25Global Finance News
Video Thumbnail
11-07-25Global Finance News
Video Thumbnail
07-04-25The Investor
Video Thumbnail
02-28-25The Investor