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Insitu acquired by Boeing |
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Thursday, 11 September 2008 |
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Boeing has completed its takeover bid for Insitu, the unmanned air systems (UAS) developer.
Airline manufacturer Boeing has completed a takeover of unmanned air systems (UAS) developer Insitu, it has been announced.
Insitu, based in Washington State, USA, manufactures "high-performance, low-cost" UAS used in intelligence, surveillance and reconnaissance.
Boeing now plans to utilise Insitu as a separate subsidiary under Boeing Integrated Defence Systems' Military Aircraft unit.
In a statement, Boeing said: "[Insitu] … will retain an independent operating model while benefiting from Boeing's vast resources.
"This acquisition … is part of a larger plan to increase Boeing's presence in the unmanned systems market."
Boeing's Integrated Defence Systems is one of the world's largest defence businesses, with 71,000 employees worldwide and a turnover of $32.1 billion.
UASs are increasingly being used by both commercial companies and military organisations, due to their strong surveillance capabilities.
The airline manufacturer Boeing has recently seen a large number of workers on strike, with the company expecting these actions to last for the next month or so.
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