Archer Aviation shares jump nearly 10% on deal to acquire Boeing’s Wisk, two other units
Archer Aviation shares surged after agreeing to acquire Boeing's Wisk Aero and two other units. This strategic acquisition grants Archer access to Boeing's autonomous-flight technology and defence capabilities. Boeing will receive a significant stake in Archer and board representation as part of the deal. The move allows Archer to immediately generate revenue from the profitable Insitu drone…
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
