Archer Aviation announced on August 10 that it reached an agreement to purchase Boeing's subsidiaries Wisk Aero (eVTOL aircraft), SkyGrid (air traffic control software), and Insitu (uncrewed aircraft systems and AI software). This acquisition is expected to expand and diversify Archer's operations. Despite the recent rally, the stock is still down over 50% from its 52-week high of $14.62, and the company continues to incur significant losses, with a net loss of $263 million in its most recent quarter.