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Archer is acquiring three Boeing subsidiaries in a move to both strengthen its foundations and diversify its operations. Boeing will have a 16.75% equity stake in Archer after the deal is completed.
'Mad Money' host Jim Cramer talks investing opportunities beyond AI.
Boeing said on Tuesday that it delivered 51 jets in August, a slight dip from the previous month and down from 57 jets a year earlier, as the number of 787 Dreamliners handed to customers declined.
Archer is acquiring Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries. Boeing will receive a 16.75% state in Archer in exchange for the units.
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California State Teachers Retirement System raised its stake in shares of The Boeing Company (NYSE: BA) by 20,689.6% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,894,334 shares of the aircraft producer's stock after acquiring an additional 244,711,560 shares during the