India, Aug. 10 -- Archer Aviation shares jumped sharply after the company announced a major deal with Boeing. The stock surged 22.5% in pre-market trading on Monday, after Archer said it had signed definitive agreements to acquire three Boeing subsidiaries. Investing.com reported the pre-market move.

The three businesses Archer is buying are Wisk Aero, SkyGrid and Insitu. The deal marks the biggest strategic expansion in Archer's history, according to Investing.com. The acquisition could completely change Archer's business size. Archer had previously reported only $1.6 million in quarterly revenue, but the three Boeing businesses together bring in more than $200 million in annual revenue.

That means Archer is moving from being mainly an...