Archer Aviation Exec Says Boeing Deal Will ‘Significantly Change the Profile' as $200 Million Insitu Business Joins Portfolio

Insitu’s $200 Million Revenue Business “Insitu today is a profitable business, generating more than $200 million of revenue a year,” Gupta said during the earnings call. She also said that Archer expects Insitu to “contribute positive free cash flow,” which will help it operate on a “self-funding basis” and “potentially offset spend in other areas.” Gupta added that the acquisitions, in addition to the company’s Halo-Thunder platform and AI solutions tailored for aviation, will “significantly change the profile for Archer and our path to meaningful revenue in the years to come.” Archer Aviation CEO Adam Goldstein said that the company expects cash flow and revenue generated from its existing product portfolio in the near term, but the ...