Archer Aviation Exec Says Boeing Deal Will ‘Significantly Change the Profile’ as $200 Million Insitu Busi

Archer Aviation Inc.‘s (NYSE:ACHR) deal with Boeing Co. (NYSE:BA) could significantly reshape the electric vertical take-off and landing (eVTOL) company.

Insitu’s $200 Million Revenue Business

During the company’s second-quarter earnings call on Monday, Archer’s Chief Financial Officer Priya Gupta hailed the company’s acquisition of unmanned aircraft systems manufacturer Insitu, as well as autonomous eVTOL maker Wisk Aero and SkyGrid in an all-stock deal.

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