Boeing has announced that it is 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 been partners since 2002 and together developed the successful ScanEagle UAS program, which has more than 100,000 operational flight hours with the US 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 $150M this year, 70 per cent 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."
"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.