1 day ago
Archer Aviation Inc. (NYSE:ACHR)'s shares are up by over 36% in the past month, as of the close on August 14, amid growing optimism among investors over the company's future growth and revenue diversification as it moves beyond air-taxis towards a defense and AI story.
Photo by Arturo Añez on Unsplash
On August 10, the company announced that it was acquiring Boeing's Wisk Aero, SkyGrid, and Insitu business units, as part of a definitive agreement that will see the planemaker take a nearly 20% stake in Archer Aviation Inc. (NYSE:ACHR).
The deal will combine capabilities in autonomy, eVTOL aircraft, and uncrewed aircraft systems, resulting in an end-to-end physical AI platform for aerospace and defense, the firm said in a press release.
The agreement adds drone maker Insitu to the company's portfolio, a profitable business that generates over $200 million in annual revenue. Its takeover, along with those of Wisk Aero and SkyGrid, will provide access to Boeing's advanced autonomous flight technologies and strengthen Archer's position in defense and commercial logistics.
#wisk
Photo by Arturo Añez on Unsplash
On August 10, the company announced that it was acquiring Boeing's Wisk Aero, SkyGrid, and Insitu business units, as part of a definitive agreement that will see the planemaker take a nearly 20% stake in Archer Aviation Inc. (NYSE:ACHR).
The deal will combine capabilities in autonomy, eVTOL aircraft, and uncrewed aircraft systems, resulting in an end-to-end physical AI platform for aerospace and defense, the firm said in a press release.
The agreement adds drone maker Insitu to the company's portfolio, a profitable business that generates over $200 million in annual revenue. Its takeover, along with those of Wisk Aero and SkyGrid, will provide access to Boeing's advanced autonomous flight technologies and strengthen Archer's position in defense and commercial logistics.
#wisk
14 days ago
Five years ago, Wisk Aero sued Archer Aviation Inc. (NYSE:ACHR) for allegedly stealing its trade secrets. On August 10, Archer agreed to buy Wisk entirely, along with two other The Boeing Company (NYSE:BA) subsidiaries, in a deal that gives the aerospace giant a roughly 20% interest in the electric-aircraft company it previously accused of corporate theft. Archer's stock jumped by about 20% following the announcement.
Wisk sued Archer back in 2021, alleging that the younger company stole its autonomous-flight trade secrets and breached on its patents. The two reached an agreement in August 2023, with a unique twist: The Boeing Company (NYSE:BA) invested in Archer Aviation Inc. (NYSE:ACHR), and the companies formed an autonomous-flight relationship, with Wisk serving as Archer's exclusive autonomy provider for subsequent aircraft.
That collaboration has now turned into a complete acquisition. Under the definitive agreement, Archer Aviation Inc. (NYSE:ACHR) will buy Wisk Aero, SkyGrid, a digital airspace and air-traffic-management software firm, and Insitu, a drone producer, in an all-stock transaction.
The Boeing Company (NYSE:BA) will acquire freshly issued ACHR Class A shares equal to 19.75% of Archer's outstanding shares immediately before to closing, leaving Boeing with about 16.5% in stakes once the transaction closes, making it Archer's largest outside stakeholder. The Boeing Company (NYSE:BA) has also agreed to spend up to $55 million in an upcoming Archer investment round, and will obtain warrants to buy up to $200 million additional Archer stock in the future. In exchange, the companies have signed a cross-licensing agreement that allows Boeing to continue using Wisk's fundamental autonomous flight systems for its own commercial and defense programs, a detail experts have linked to Boeing's ultimate successor to the 737.
For Archer Aviation Inc. (NYSE:ACHR), the deal is less about eliminating a competitor than about expanding. The acquisition includes a defense firm with an annual revenue of more than $200 million across 35 nations, as well as Wisk's six generations of eVTOL aircraft designs and over 1,700 completed test flights. Archer describes the combined operation as a "end-to-end physical AI platform for aerospace and defense."
#archer
Wisk sued Archer back in 2021, alleging that the younger company stole its autonomous-flight trade secrets and breached on its patents. The two reached an agreement in August 2023, with a unique twist: The Boeing Company (NYSE:BA) invested in Archer Aviation Inc. (NYSE:ACHR), and the companies formed an autonomous-flight relationship, with Wisk serving as Archer's exclusive autonomy provider for subsequent aircraft.
That collaboration has now turned into a complete acquisition. Under the definitive agreement, Archer Aviation Inc. (NYSE:ACHR) will buy Wisk Aero, SkyGrid, a digital airspace and air-traffic-management software firm, and Insitu, a drone producer, in an all-stock transaction.
The Boeing Company (NYSE:BA) will acquire freshly issued ACHR Class A shares equal to 19.75% of Archer's outstanding shares immediately before to closing, leaving Boeing with about 16.5% in stakes once the transaction closes, making it Archer's largest outside stakeholder. The Boeing Company (NYSE:BA) has also agreed to spend up to $55 million in an upcoming Archer investment round, and will obtain warrants to buy up to $200 million additional Archer stock in the future. In exchange, the companies have signed a cross-licensing agreement that allows Boeing to continue using Wisk's fundamental autonomous flight systems for its own commercial and defense programs, a detail experts have linked to Boeing's ultimate successor to the 737.
For Archer Aviation Inc. (NYSE:ACHR), the deal is less about eliminating a competitor than about expanding. The acquisition includes a defense firm with an annual revenue of more than $200 million across 35 nations, as well as Wisk's six generations of eVTOL aircraft designs and over 1,700 completed test flights. Archer describes the combined operation as a "end-to-end physical AI platform for aerospace and defense."
#archer
17 days ago
Archer Aviation (ACHR) shares ripped higher on Monday morning after the electric vertical take-off and landing (eVTOL) specialist announced a landmark deal with Boeing (BA). Under the agreement, ACHR will acquire three Boeing subsidiaries — autonomous eVTOL rival Wisk Aero, defense system maker Insitu, and airspace management software firm SkyGrid — in an all-stock transaction that increases Boeing's equity stake in Archer to 19.75%.
Archer Aviation stock has reversed half of its intraday gains in recent hours, but is still up roughly 38% versus its year-to-date low.
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#boeing #Monday
Archer Aviation stock has reversed half of its intraday gains in recent hours, but is still up roughly 38% versus its year-to-date low.
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#boeing #Monday
17 days ago
Archer (ACHR) stock jumped on Monday after the air-taxi maker agreed to buy three of Boeing's (BA) aerospace subsidiaries, handing the planemaker an equity stake in return for cash.
Under the agreements, Archer will acquire Boeing's Wisk Aero, the autonomous eVTOL developer; SkyGrid, an air traffic management software firm; and Insitu, a defense drone maker.
Boeing will be paid mostly in Archer stock, receiving newly issued stock equal to 19.75% of Archer's shares outstanding just before closing, leaving it with an approximate 16.5% stake once the deal is done.
Boeing also agreed to invest up to $55 million in an upcoming Archer funding round and take warrants to eventually buy up to $200 million of stock down, positioning the planemaker as one of Archer's largest shareholders.
#boeing #maker
Under the agreements, Archer will acquire Boeing's Wisk Aero, the autonomous eVTOL developer; SkyGrid, an air traffic management software firm; and Insitu, a defense drone maker.
Boeing will be paid mostly in Archer stock, receiving newly issued stock equal to 19.75% of Archer's shares outstanding just before closing, leaving it with an approximate 16.5% stake once the deal is done.
Boeing also agreed to invest up to $55 million in an upcoming Archer funding round and take warrants to eventually buy up to $200 million of stock down, positioning the planemaker as one of Archer's largest shareholders.
#boeing #maker
20 days ago
PHOENIX — Olympic bronze medalist Fred Richard has a new ****** le.
Richard handily won his first all-around ****** le at the U.S. Gymnastics Championships Saturday, Aug. 8. His two-day combined score of 170.015 was two points ahead of Tokyo Olympian Shane Wiskus. Up-and-comer Danila Leykin was third, at 167.001 points.
Richard was all but ****** ured of winning the ****** le after Leykin botched his floor routine, the second event of the night. Richard just needed to be clean the rest of the night, which he was, putting up solid scores on every event. After landing his vault, his final event, Richard threw his arms wide and roared, a huge grin on his face.
Richard didn't lock his spot on the U.S. team for the world championships in Rotterdam, Netherlands — he also needed to finish in the top three on three or more events and only did that on floor exercise — but is all but ****** ured of being on the five-man team that will be announced later Saturday.
Though Richard is a three-time NCAA all-around champion, a U.S. ****** le had eluded him. He was third in 2023, and the runner-up the last two years. With defending champion Asher Hong injured and three-time U.S. champion Brody Malone taking the year off, however, Richard was the heavy favorite coming into the meet.
#Event #points
Richard handily won his first all-around ****** le at the U.S. Gymnastics Championships Saturday, Aug. 8. His two-day combined score of 170.015 was two points ahead of Tokyo Olympian Shane Wiskus. Up-and-comer Danila Leykin was third, at 167.001 points.
Richard was all but ****** ured of winning the ****** le after Leykin botched his floor routine, the second event of the night. Richard just needed to be clean the rest of the night, which he was, putting up solid scores on every event. After landing his vault, his final event, Richard threw his arms wide and roared, a huge grin on his face.
Richard didn't lock his spot on the U.S. team for the world championships in Rotterdam, Netherlands — he also needed to finish in the top three on three or more events and only did that on floor exercise — but is all but ****** ured of being on the five-man team that will be announced later Saturday.
Though Richard is a three-time NCAA all-around champion, a U.S. ****** le had eluded him. He was third in 2023, and the runner-up the last two years. With defending champion Asher Hong injured and three-time U.S. champion Brody Malone taking the year off, however, Richard was the heavy favorite coming into the meet.
#Event #points
20 days ago
PHOENIX — Frederick Richard won his first U.S. all-around gymnastics ******* le despite ceding nearly a full point to the field for deductions outside of his routines.
Richard, an Olympic and World Championships bronze medalist, totaled 170.015 points between two nights of competition at the Xfinity U.S. Championships.
He prevailed by 2.051 over Tokyo Olympian Shane Wiskus, who nixed a planned retirement after just missing the Paris Olympic team. Wiskus also missed the 2025 U.S. Championships after shoulder surgery.
GYMNASTICS: Results | Broadcast Schedule
Frederick Richard turns to Google Doc to plan for LA 2028 Olympics, and to remember Paris 2024
#olympic #wiskus #phoenix
Richard, an Olympic and World Championships bronze medalist, totaled 170.015 points between two nights of competition at the Xfinity U.S. Championships.
He prevailed by 2.051 over Tokyo Olympian Shane Wiskus, who nixed a planned retirement after just missing the Paris Olympic team. Wiskus also missed the 2025 U.S. Championships after shoulder surgery.
GYMNASTICS: Results | Broadcast Schedule
Frederick Richard turns to Google Doc to plan for LA 2028 Olympics, and to remember Paris 2024
#olympic #wiskus #phoenix
2 months ago
The prospects for electric vertical take-off and landing (eVTOL) companies don't just depend on future orders or regulatory approvals; they also depend on securing their supply chains and ramping up production to meet expectations. That's why investors have reason to be positive about Vertical Aerospace (NYSE: EVTL) after it recently signed a long-term agreement with Astronics for power distribution systems for its Valo eVTOL. Is it enough to make the stock a buy?
Not all eVTOL companies are made equal. While Joby Aviation is pursuing a vertically integrated model and developing its own technology, Boeing's Wisk is also relying on investment and technology from its parent company, and companies like Archer Aviation and Vertical Aerospace are heavily reliant on components from established companies.
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In theory, at least, this should accelerate development and make it easier to ramp up production. That's why every time the U.K.'s Vertical Aerospace signs a long-term supply agreement, it helps de-risk the company's business model. It already has deals in place with Honeywell (flight control and management systems), Hyundai WIA (landing gear), and other specialist aerospace suppliers, with the recent deal adding low-voltage power distribution systems -- a critical part of an eVTOL.
While execution risk has diminished somewhat with the deal, this is still a company burning cash and won't generate earnings until 2032, according to the Wall Street ******* yst consensus from S&P Global Market Intelligence. In other words, the $239 million-market cap company will need cash, which means significant dilution for existing investors is on the way.
Not all eVTOL companies are made equal. While Joby Aviation is pursuing a vertically integrated model and developing its own technology, Boeing's Wisk is also relying on investment and technology from its parent company, and companies like Archer Aviation and Vertical Aerospace are heavily reliant on components from established companies.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In theory, at least, this should accelerate development and make it easier to ramp up production. That's why every time the U.K.'s Vertical Aerospace signs a long-term supply agreement, it helps de-risk the company's business model. It already has deals in place with Honeywell (flight control and management systems), Hyundai WIA (landing gear), and other specialist aerospace suppliers, with the recent deal adding low-voltage power distribution systems -- a critical part of an eVTOL.
While execution risk has diminished somewhat with the deal, this is still a company burning cash and won't generate earnings until 2032, according to the Wall Street ******* yst consensus from S&P Global Market Intelligence. In other words, the $239 million-market cap company will need cash, which means significant dilution for existing investors is on the way.
