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Archer Aviation jumps after deal to buy Boeing’s Wisk and Insitu

The all-stock transaction adds Insitu, which the report estimates generates about $200 million in annual revenue across roughly 35 countries.

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Archer Aviation shares surged after the company agreed to acquire Wisk Aero, Insitu, and SkyGrid from The Boeing Company in an all-stock deal, a move that reframes the eVTOL developer’s business from primarily pre-revenue urban air mobility toward a more established aerospace and defense profile.

The market reaction was strong, with the stock up nearly 23% intraday before settling around a 13% gain. Trading volume also exceeded its daily average, reflecting investor interest in the company’s shift toward cash-flow supported operations.

The key asset is Insitu, an intelligence, surveillance, and reconnaissance drone manufacturer that the outlet estimates has annual revenue of about $200 million. The report also says Insitu operates in roughly 35 countries and has built more than 4,000 Group 2 and 3 unmanned aircraft systems, totaling nearly two million autonomous flight hours.

Boeing is taking a strategic equity position, with an ownership stake reported as nearly 20% in Archer Aviation, along with a lock-up period and out-of-the-money warrants. The outlet frames that combination as signaling longer-term alignment rather than a quick exit, while Archer Aviation gains technology from Wisk Aero and SkyGrid alongside Insitu’s defense revenue stream.

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