Boeing acquires UAS manufacturer Insitu

Boeing has acquired Insitu. Both firms worked together to develop the ScanEagle unmanned aircraft system (UAS).

The Boeing Co. (Seattle, Wash.) announced on July 22 an agreement to acquire Insitu Inc. (Bingen, Wash.), a manufacturer of unmanned air systems (UAS) for intelligence, surveillance and reconnaissance (ISR).

Boeing and Insitu have partnered since 2002 and together developed the successful ScanEagle UAS program, which has more than 100,000 operational flight hours with the U.S. Department of Defense and international customers. Insitu's key 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.

"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 (St. Louis, Mo.). "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 U.S. and allied service members."

Terms of the cash transaction were not disclosed. This transaction is anticipated to close by the end of September. Once acquired, Insitu will be a separate subsidiary under Boeing Integrated Defense Systems' Military Aircraft unit.

Insitu was founded in 1994 and employs approximately 360 people. "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."