The Society of Professional Engineering Employees in Aerospace voted to allow the union's negotiation team to authorize a strike.
Boeing shares BA fell 2% on Monday after the US Army temporarily grounded its fleet of Apache helicopters following a fatal crash near Fort Hood, Texas, that killed two service members. The Army said the temporary stand-down would remain in place until officials have a better understanding of the accident's root cause.
The Pentagon on Friday announced framework agreements with Boeing and RTX to increase production of components of SM-3 Block IIA and SM-3 Block IB munitions.
BA's fighter jet business stands to gain from rising defense spending, fleet modernization and demand for aircraft upgrades and sustainment.
Boeing's planned transfer of Wisk Aero, Insitu, and SkyGrid to Archer Aviation may look like conventional portfolio restructuring, but it demonstrates an important principle for every industrial company: Focus is an operational capability.
Missile shortages and a Pentagon production push could boost Lockheed Martin, RTX and defense ETFs as replenishment drives new orders.
BA's rising deliveries, defense milestones and record backlog support growth, but production delays and 777X issues cloud its outlook.
Boeing Co (NYSE:BA, XETRA:BCO)'s sale of subsidiaries Wisk Aero, Insitu and SkyGrid to Archer Aviation should allow the aerospace company to focus more closely on its core business, according to Bank of America analysts, who see the transaction as a sensible move despite initially questioning the deal. Boeing will receive a 19.75% stake in Archer upon the transaction's expected closing by the end of 2026, along with warrants to purchase up to $200 million of additional Archer stock.
Archer Aviation (NYSE:ACHR | ACHR Price Prediction) stock is climbing 11% to $6.93 Tuesday morning, extending Monday's 12% deal-day pop as investors continue to digest details from Archer's Q2 2026 earnings call.
ACHR's Boeing-backed expansion, stronger revenue and eVTOL progress drove a 12% stock surge despite ongoing losses.
Archer Aviation's stock is flying higher after the company agreed to buy three business units from Boeing.
Archer Aviation (NYSE:ACHR) shares jumped 16% Monday after the company announced a deal to acquire Boeing Co (NYSE:BA, XETRA:BCO)'s Wisk Aero, SkyGrid and Insitu subsidiaries, expanding its presence across autonomous flight, electric vertical takeoff and landing (eVTOL) aircraft, unmanned aircraft systems and air traffic management. The companies said they have signed definitive agreements for the transaction, which is expected to combine technologies developed across aerospace autonomy, eVTOL aircraft and unmanned systems.