Archer $ACHR rose 18% in August 10 premarket trading after agreeing to acquire Boeing's Wisk Aero, SkyGrid and Insitu units. Boeing $BA will receive shares equal to 19.75% of Archer's pre-closing Class A shares, subject to adjustments.
Boeing $BA gained 8.03% to $233.49 after the FAA granted an amended type certificate for the 737-7 and BNP Paribas upgraded the stock by two notches. The regulatory approval clears another 737 MAX variant for commercial service after years of delay.
Boeing $BA reported a $0.20 adjusted Q1 loss, narrower than the $0.83 loss expected by LSEG, while revenue rose 14% to $22.22B and beat the $21.78B estimate.