Boeing has agreed to transfer Wisk Aero, SkyGrid and Insitu to Archer Aviation in exchange for newly issued Archer shares that are expected to leave Boeing with roughly a 16% to 16.5% stake after closing, while also making an investment in Archer and entering a collaboration and technology-sharing agreement. Archer said on its second-quarter earnings call that the addition of the three businesses could significantly reshape the company, with Chief Financial Officer Priya Gupta describing Insitu as a profitable business generating more than $200 million in annual revenue and expected to contribute positive free cash flow that could help support Archer on a self-funding basis. Archer reported $5 million in second-quarter revenue, above market expectations of $1.96 million, while its loss of 34 cents per share matched analyst estimates. Total operating expenses were $284.20 million, resulting in an adjusted EBITDA loss of $177.10 million, and the company guided for a third-quarter adjusted EBITDA loss of $170 million to $200 million. Chief Executive Officer Adam Goldstein called the Boeing transaction an important inflection point for Archer and said the planned acquisitions, together with Halo, ZEE and ACES, position the company to rapidly advance a diversified multi-platform strategy across air taxis, unmanned aircraft systems and AI. Archer also said it completed piloted Midnight flights during the quarter as it prepares for operations later this year under the White House's eVTOL Integration Pilot Program. Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and maintained an $11 price target after the results. Archer shares were up 7.03% at $6.70 on Tuesday morning after gaining 11.99% on Monday.