Archer Aviation Announces Deal To Acquire Boeing's Wisk Aero, SkyGrid, Insitu, Adding Over $200M In Annual Defense Revenue; Boeing To Take Stake, Become Strategic Partner; Terms Not Disclosed
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Why It Matters
Archer Aviation is buying three companies from Boeing that work on drones and defense projects, bringing in over $200 million in yearly business. Boeing is keeping a stake and helping as a partner, which shows Boeing believes in Archer's future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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