On August 10, Archer Aviation Inc. rose 19.56% in pre-market trading, trading at $6.68/share.

The surge was driven by the announcement that Archer Aviation Inc. is acquiring three Boeing subsidiaries — Wisk Aero, Insitu, and Skygrid — in a transformative deal aimed at shaping the future of physical AI in the aerospace and defense sector. Boeing will also make a direct investment in Archer and engage in deep collaboration, significantly bolstering the company's strategic positioning and financial backing.

The acquisition comes at a pivotal moment for Archer, which reported FAA certification progress at record pace in Q1 and expects to launch initial U.S. commercial operations this year. The company also recently unveiled a joint autonomous VTOL platform with Anduril Industries targeting both commercial and defense markets. With aerospace and defense revenue still at approximately $1.6 million last quarter, these deals represent a major leap in scale and capability for the eVTOL developer.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)