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Archer Is Buying Three Boeing Businesses and Paying With…
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Archer Is Buying Three Boeing Businesses and Paying With Its Own EquityEnglish 한국어日本語ไทยItalianoPortuguêsDeutschFrançaisEspañolArcher reported second-quarter (Q2) results after the close, and the earnings were the least interesting part.
With this deal, it becomes an aerospace-and-defense operator with real revenue, a fleet of military drones, and Boeing as a strategic shareholder.
Boeing, for its part, offloads three non-core businesses it had funded for two decades while keeping upside through its Archer stake.
“This transaction is a win-win for Boeing and Archer,” said Brian Yutko, a Boeing vice president, framing it as a way for Boeing to capitalize on those long-running investments while refocusing on its core aircraft programs.
What Wisk, Insitu and SkyGrid Actually DoThe three businesses turn Archer from a single-product hopeful into a multi-line operator.