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Barchart
Barchart
Anushka Dutta

Here's What the Boeing-Archer Aviation Deal Means for BA Stock

Boeing British Airways Archer Archer Aviation FAA

If there is one aerospace company that has been through a lot over the past few years, it's Boeing (BA). After some crashes and increased scrutiny from the Federal Aviation Administration (FAA), Boeing went into recovery mode under CEO Kelly Ortberg. Now, there is an indication the company may soon start cashing in on its ballooning backlog.

Boeing recently made a strategic move to sell three of its subsidiaries — Wisk Aero, SkyGrid, and Insitu — to Archer Aviation (ACHR). This brings in two supposed benefits for the aerospace giant.

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