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. Insitu's revenue is anticipated to be $150 million (USD) this year, 70 percent higher than in 2007. Terms of the cash transaction were not disclosed. The transaction is anticipated to close by the end of September. When acquired, Insitu will be a separate subsidiary under Boeing Integrated Defense Systems' Military Aircraft unit.
Editor PickQuatro supports Insitu in manufacture of next-gen UAS
Quatro Composites (Poway, Calif.), a designer and manufacturer of carbon fiber structures, has announced that it has become a technology partner in manufacturing Insitu Inc.’s (Bingen, Wash.) next-generation autonomous unmanned aerial system (UAS). “The Technical Development Center, located in Poway, Calif., provi