Archer Aviation Surges 24.6% in August Following Acquisition Deal with Boeing
In August 2026, Archer Aviation (NYSE: ACHR) saw its stock rise by 24.6%, outperforming the S&P 500 and Nasdaq Composite gains of 2.6% and 3.9%, respectively. The surge was driven primarily by news that Archer had agreed to acquire three subsidiaries from Boeing—Wisk Aero, SkyGrid, and Insitu—for a stake in newly issued shares. The deal includes Wisk, an eVTOL company with over 1,700 test flights; SkyGrid, which offers air-traffic management solutions; and Insitu, a profitable drone manufacturer generating $200 million annually. Boeing will own 16.5% of Archer post-acquisition. The integration is expected to boost sales and margins for Archer. Despite the strong monthly performance, ACHR remains down about 24% year-to-date as of September 8, 2026. Early trading in September has seen a slight pullback amid broader market volatility tied to inflation concerns.
Topics: eVTOL M&A activity stock performance