Boeing Buys Insitu To Expand Capabilities In Unmanned Aircraft | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 08.17.17

Airborne 08.21.17

Airborne 08.22.17

Airborne 08.23.17

Airborne 08.17.17

Airborne 08.18.17

Airborne-Unmanned 08.22.17

Airborne-YouTube

AMA 08.17.17

Airborne 08.21.17

Airborne 08.22.17

Airborne 08.23.17

Airborne 08.17.17

Airborne 08.18.17

Airborne-Unmanned 08.22.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Wed, Jul 23, 2008

Boeing Buys Insitu To Expand Capabilities In Unmanned Aircraft

Part Of Bigger Drive To Build UAS Resources

Boeing announced Wednesday an agreement to acquire Insitu, Inc., a pioneer in the unmanned air systems (UAS) market and leader in the design, development and manufacture of high-performance, low-cost UAS used for intelligence, surveillance and reconnaissance (ISR).

Boeing and Insitu have partnered since 2002 and together developed the ScanEagle UAS program, which has more than 100,000 operational flight hours with the US Department of Defense and international customers. Boeing says Insitu's technologies and advanced capabilities in rapid prototyping and manufacturing are driving its revenue to an anticipated $150 million this year, 70 percent higher than in 2007, and have it well positioned for the future.

"Increasingly our customers are seeking advanced unmanned aerial solutions to address a wide range of requirements for ISR missions," said Jim Albaugh, president and CEO of Boeing Integrated Defense Systems. "The Boeing-Insitu team has been successfully delivering much-needed capability to the warfighter in a changing threat environment. Bringing these outstanding teams together will accelerate deployment of the next generation of unmanned systems to our US and allied service members."

Terms of the cash transaction were not disclosed. The transaction, anticipated to close by the end of September following regulatory approvals, does not affect Boeing's financial guidance. Once acquired, Insitu will be a separate subsidiary under Boeing Integrated Defense Systems' Military Aircraft unit... allowing it to retain an independent operating model, while benefiting from Boeing's vast resources.

"This acquisition is part of a larger plan to aggressively grow our presence in the unmanned systems market," said Chris Chadwick, president, Boeing Military Aircraft. "We look forward to building upon our existing relationship with Insitu to deliver industry-leading tactical unmanned systems and services to our customers."

Founded in 1994 as an entrepreneurial start-up, Insitu, located in Bingen, WA designs, develops and manufactures UAS for commercial and military applications. It built the first UAS to cross the Atlantic Ocean, and today has approximately 360 employees.

"This agreement allows us to leverage the breadth and strength of Boeing to get our organization to the next level," said Steven Sliwa, president and CEO of Insitu. "At the same time, it allows us to retain the unique culture and environment that have driven the continuous innovation and entrepreneurial agility that have us positioned as a leader in our market."

FMI: www.boeing.com, www.insitu.com

Advertisement

More News

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

AMA Drone Report 08.17.17: MULTI-GP Int'l Open, Drone v Chicago, Reno Drone Race

Also: Yuneec Extended Service Plan, UAV on A/C Carrier, Blue Angels Incident, Drone Operator Safety Act MultiGP’s 2017 MultiGP International Open, conducted on the grounds of>[...]

Airborne-Unmanned 08.22.17: Flightwave, Robotic Skies, Sky Hopper Cargo Drone

Also: Kratos Mako, Dronecode's Meier, Virginia Tech, Edwards AFB, Department Of The Interior A California-based startup company plans to introduce a new, long-range, high-endurance>[...]

Airborne 08.22.17: Privatization $$$, A Hangar for Doc, Wingsuit Jet

Also: Next X-37B Mission, Aero-Calendar, Ryanair, Citation X, Aurora, Commercial Spaceflight Federation, A&P Designation ATC Privatization will be even costlier than thought...>[...]

Airborne 08.21.17: CAF's Brown Resigns, EA700 Prototype, Heli Sales Report

Also: KSFO Night Landings, Kitfox S7 Speedster, USGS, Spirit Pilots, Kratos Mako, NASA Flight Suits, CAW Five Stephan C. Brown has resigned from his post as president/CEO of the Co>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC