Archer Aviation stock surged 22% after its Boeing deal added Wisk, SkyGrid and Insitu, expanding its defense, autonomous flight and aviation business. | Business News

Boeing is selling three of its subsidiaries to Archer Aviation in exchange for an undisclosed stake in the eVTOL startup.

Archer to Shape Physical AI Future of Aerospace and Defense with Acquisition of Boeing's Wisk Aero, Insitu and SkyGrid Subsidiaries; Boeing to Invest in Archer and Collaborate