Boeing Just Sold 3 Businesses in 1 Week. Here's What It Says About the Aerospace Giant's Turnaround.
There are many positives to Boeing's deal with Archer, but don't expect it to move the needle.
Overview
Boeing (NYSE: BA) recently announced a spate of major developments. However, one particular development taking shape this month likely caught the attention of a wide swath of investors.
On Aug. 10, Boeing announced plans to sell three of its aerospace and electric vertical takeoff and landing (eVTOL) businesses to Archer Aviation (NYSE: ACHR), one of the most followed eVTOL stocks.
Details
Yet while this transaction has significant implications, the question is whether it meaningfully changes the story for Boeing shares.
Source
Originally published at www.fool.com.
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