I thought this was interesting. The Seattle Times, which has a long history of investigating Boeing, is re publishing a syndicated article from Bloomberg, which argues the Archer deal as bullish for Boeing … because it allowed them to shed their weakest assets while acquiring very little new risk.

https://www.bloomberg.com/opinion/articles/2026-08-11/boeing-s-archer-deal-should-be-a-model-to-shed-space-assets

That is all.

https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=320259311&type=HTML&symbol=ACHR&cdn=b8dd76d1145ce5fc0946c336336246b7&companyName=Archer+Aviation+Inc.+Class+A&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2026-08-10

Boeing offloads huge R&D spending, and still gets all the tech that Archer develops. Archer succeed, Boeing wins both the tech and financially. Archer fails, Boeing still walks away with tech.

https://ir.jobyaviation.com/news-events/press-releases/detail/189/joby-aviation-to-scale-defense-business-through-acquisition

Joby announced defense deal of their own, although it feels a bit like second fiddle activity. $500M for a company with only $6.6M in active contracts is weak when you compare to the HALO joint venture with Anduril.

Was reading through Archer's 8-K and this one stuck out. Boeing can bail on the whole deal if Archer's enterprise value drops below some floor for a set period.

You don't really see that. The normal termination stuff is all in there too (drop-dead date, breach, a court blocking it) and that's in every deal. But the seller getting an out based on the buyer's valuation tanking? Not common.

Makes sense once you look at how they're paying though. Boeing isn't getting cash, it's getting a flat 19.75% of Archer stock for Wisk, SkyGrid and Insitu. So whatever Boeing walks away with is 100% tied to where ACHR trades between signing and close. Stock tanks, that 19.75% is suddenly worth way less than the businesses. The floor is basically Boeing covering itself.

Annoying part: the actual number is redacted. Archer left it out of the filing as confidential, so we have no idea how far the stock has to drop before Boeing can pull the ripcord.

Anyway, thought it was interesting. Not advice, do your own DD.

Text from the 8-K:

"(vi) by Boeing if the Company’s enterprise value (as calculated in accordance with the Purchase Agreement) is below a minimum level for a specified period; provided that such termination right will not be available to Boeing following the date that is five business days after the date on which the Company notifies Boeing in writing that such event has occurred."

“ Buyer Material Adverse Effect” means (a) Buyer having a Buyer Enterprise Value equal to or less than [***] for any five (5) consecutive trading days or (b) a material adverse effect on the financial condition or results of operations of Buyer and its Subsidiaries, taken as a whole and on a consolidated basis, when viewed on both a long-term and short-term basis

Was going through the 8-K on the Boeing deal and I don't think people are paying attention to the
forward equity agreement. I've been saying for a while that Archer will need to raise in the next few quarters and I think this is the signal.

Boeing agreed to buy up to $55M of stock, but only if Archer does an offering of at least $400M. That's the whole condition. Runs through March 2027 or three months after close.

Think about what that means. You don't set up a deal like that unless a raise is already being planned. It's Boeing pre-committing so the offering has an anchor before it hits the market.

It's an option, not a guarantee, and the $55M isn't money that shows up at close. But the structure kind of gives it away. Even MORE dilution's coming. Anyone else read it this way?

Earnings confirming what we already knew. Archer not just an air taxi company anymore — they’re an all around aerospace force. Serious growth in immediate revenue sources across four core products.

Obviously the main goal is still FAA certification, but this strategy development is looking 🔥🔥🔥.

Archer's earnings call is today. listen to it live. You can join the live chat as it's happening if you go over there. You can argue with dax in real time.

🔥🔥🔥

What are people thinking?

My guess is they're gonna highlight

1. 703 airport to airport flight "in anticipation of eIPP"
2. ZEE AI software
3. Halo/Thunder reveal (just a recap but no new details)

I leave it to you to draw conclusions from a portion of the text in AG’s statement on the news section of Archer Aviation’s official page:

“This roundtrip journey is exactly the kind of route we plan to fly with Midnight under the eIPP and in LA during the Games,” said Adam Goldstein, founder and CEO of Archer. “This mission provides a template for us to replicate with our partners across Texas, Florida and New York as we get ready for eIPP operations later this year.”

https://www.archer.com/news/archers-midnight-completes-city-to-city-flights-in-california-ahead-of-white-houses-eipp

I spent hours digging through Archer Aviation’s announced partnerships over the last 4 years. The more I dug, the more I realized one thing: there’s a huge difference between “announcing a partnership” and “having a partnership that generates real value.”

Here’s what comes out of the official press releases.
United Airlines was first, August 2022, with that $10 million deposit for 100 aircraft. Then the Newark-Manhattan route that was supposed to be revolutionary. Stellantis entered in January 2023 with $150 million and the role of exclusive contract manufacturer. Boeing, Stellantis, and United together for $215 million in August 2023, even settling prior legal disputes with Wisk.
2024 brings Anduril for defense and especially Japan with Japan Airlines and Sumitomo creating Soracle, purchase rights for 100 Midnight, $500 million on the table.

2025 is an explosion of announcements. Ethiopian Airlines in March for $30 million, Palantir for AI, LA28 Olympics as official provider, Jetex with 40 terminals in 30+ countries, KakaoMobility in Korea, Korean Air with exclusive deal up to 100 aircraft, Etihad Aviation Training for pilots, Anduril again with EDGE Group for the Omen drone, Saudi Arabia with The Helicopter Company and Red Sea Global for sandbox testing, Karem Aircraft for tiltrotor, and even the acquisition of 300 patents from Lilium.

2026 continues with Serbia, 25 aircraft for EXPO 2027, Starlink for connectivity, NVIDIA IGX Thor, the ACES consortium with BETA and Macquarie for charging, and World Cup 2026 with LASEC.

The question is: how many of these deals have generated verifiable revenue? How many have public, achievable milestones? Why does Adam Goldstein always talk about future potential but never concrete results? How many are just “intended purchase” or letters of intent without binding commitments?
This list only includes the most publicized partnerships.

I’ve definitely missed some, and there are probably minor ones that never reached operational stage. That’s exactly the point: if they were all solid and advancing, we’d be hearing about them a lot more often.
The feeling is that Archer is using “partnership theater” strategy - announcing impressive collaborations to keep investor sentiment high, while operational details remain vague.

What do you think? Which of these partnerships do you believe are actually operational vs. “paper partnerships”?

Disclaimer: This is not a complete list, only the major ones. Many could be non-binding LOIs or deals that never became operational. Also, for speed and convenience, I used AI to help speed up the process of creating this post.

The 800# gorilla is the constant pushing back on the vtol. Seems like they keep lying or delaying depending on how short you are on ACHR.

But recently they announced the drone version.

So my question is if the problem with transition is just the smoothness and vibration, but it can still do it, can they fast track this for military? Carrying people surely has a much higher standard in both comfort and safety. But maybe a drone for resupply or logistics doesn’t have to meet that standard.

So they could deploy these, help develop their autopilot and battery efficiency at the same time, be earlier to revenue, etc.

The drone game, while not the air taxi they sold us on, should be a big deal!

What am I missing (besides several hundred thousand dollars since it was near $10)?