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Insitu

All articles tagged with #insitu

business1 month ago•22 min saved

Archer Aviation Surges on Boeing-Backed Self-Funding Pivot

Archer Aviation stock jumped about 11% after its Q2 earnings call revealed Boeing’s all‑stock deal to buy Wisk Aero, Insitu and SkyGrid would give Archer a 16% Boeing stake and, via Insitu, more than $200 million per year in revenue that could fund Archer's operations, reducing cash burn and dilution; Archer posted Q2 revenue of $5 million (up 213% QoQ) and a loss in line with estimates, with about $1.6 billion in liquidity, positioning it to close the deal by year-end and advance certification and Halo‑Thunder development, while peers Joby and EHang lagged; a $10.50 target implies meaningful upside if the Boeing deal delivers.

via 24/7 Wall St.|

#achr #archer #boeing

finance2 months ago•20 min saved

Archer Surges as Boeing Offloads Air-Taxi Subsidiaries for Stake

Archer Aviation jumped after Boeing agreed to transfer three of its air-taxi units—Wisk Aero, SkyGrid and Insitu—to Archer in exchange for cash and newly issued Archer stock, giving Boeing roughly a 16.5% stake post-close (19.75% pre-close). Boeing will also invest up to $55 million in an Archer funding round and take warrants to buy as much as $200 million more later, letting Boeing exit some advanced-air-mobility bets while staying strategically exposed. The deal brings Archer access to Wisk’s autonomous flight tech and Insitu’s defense business, expanding Archer’s revenue sources as the eVTOL race heats up.

via Yahoo Finance|

#archer-aviation #boeing #evtol

business2 months ago•11 min saved

Boeing sells three aviation tech units to Archer for equity stake

Boeing will sell Wisk Aero, SkyGrid and Insitu to Archer Aviation in exchange for nearly a 20% stake in Archer, plus warrants and the right for Boeing to nominate a Archer director; Archer will also gain access to Wisk’s autonomous flight tech through a separate collaboration. The deal, expected to close by year-end 2026 subject to antitrust review, expands Archer’s eVTOL and air‑traffic tech platform while allowing Boeing to focus resources on core businesses. Wisk has flown multiple generations of electric VTOL aircraft, SkyGrid provides an automated airspace management platform, and Insitu produces uncrewed aircraft used by 35 nations and generating over $200 million in annual revenue. Archer’s CEO said the deal would broaden the company’s revenue base and scale, while Boeing’s divestiture aligns with its strategy under CEO Kelly Ortberg. Moelis & Co and JPMorgan are advising Archer and Boeing respectively.

via Yahoo Finance|

#archer-aviation #boeing #business