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Archer shares jump after Boeing deal ties up with eVTOL subsidiary sales

Reported · Written up by our desk · Equities

CNBC Markets reports that Archer Aviation shares surged after Boeing agreed to sell three of its subsidiaries to the eVTOL startup. The transaction also includes Boeing taking a stake in Archer, linking the companies through their electric aircraft plans.

According to CNBC Markets, the deal centers on Boeing transferring those subsidiaries to Archer Aviation in exchange for equity in the eVTOL company. Details on the size of the stake were not included in the provided summary.

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