Archer Aviation Inc. (NYSE:ACHR) shares are trading higher Tuesday on continued strength after the company announced definitive agreements to acquire Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries.

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

Archer Aviation will acquire Boeing's Wisk Aero, SkyGrid, and Insitu, gaining autonomous flight tech while Boeing invests in Archer and keeps