🟢 Archer Aviation is trading 5.77% up today after Q2 revenue beat and Boeing deal

Archer Aviation is trading at $6.62 (+5.77%) after Q2 revenue of $5 million topped estimates.

• The stock is extending its 11.99% gain from August 10.
• Archer plans to acquire Boeing’s Wisk Aero, Insitu, and SkyGrid, with Boeing receiving a strategic stake.
• The transaction adds autonomous-aircraft and defense capabilities, including Insitu’s profitable $200 million-plus annual revenue; management maintained third-quarter EBITDA-loss guidance. The earnings beat and transformative Boeing deal are the primary catalysts.