Archer Aviation Exec Says Boeing Deal Will ‘Significantly Change the Profile’ as $200 Million Insitu Business Joins Portfolio
Key takeaways
- Archer Aviation's deal with Boeing could significantly reshape the company's electric vertical take-off and landing (eVTOL) business.
- Archer Aviation's second-quarter revenue: $5 million
- Insitu's revenue: $200 million per year
- Archer Aviation's expected revenue in 2028: $1.2 billion
What happened
Archer Aviation's deal with Boeing could significantly reshape the electric vertical take-off and landing (eVTOL) company, with the acquisition of Insitu's $200 million revenue business.
Why it matters
The deal will contribute positive free cash flow, help Archer operate on a self-funding basis, and potentially offset spend in other areas.
Short-term and longer-term
Short-term. Over the next day or two, watch the offer terms for Archer Aviation Exec, and whether a regulator has to sign off.
Longer-term. The acquisition of Insitu's $200 million revenue business by Archer Aviation is a strategic move to establish the company as a major player in the eVTOL market, but it also raises questions about the company's ability…