Archer Aviation (ACHR) Stock; Surges 11% as Boeing Deal Brings $200 Million Defense Business

Archer Aviation shares surged 11% after announcing an acquisition involving Boeing's aviation and defense businesses. The acquired unit, Insitu, generates over $200 million annually. Boeing will receive a 19.75% Archer stake, strengthening their strategic relationship. The deal could provide Archer a larger immediate revenue foundation despite potential shareholder dilution.