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July 22, 2008
The
Puget Sound Business Journal in
Seattle reported Tuesday that
Boeing Co. is
buying unmanned aircraft maker
Insitu Inc.
for an undisclosed price.
Insitu
is based in Bingen, Wash. The company
makes "unmanned aircraft systems," which are used for intelligence,
surveillance and reconnaissance. Company sales were approximately $87
million in 2007 and sales have doubled every year for the past five years,
according to the Business Journal.
The company had partnered with Boeing
on the ScanEagle unmanned aircraft used by the U.S. military.
Boeing
said Insitu will operate as a subsidiary of its Integrated Defense
Systems' Military Aircraft division.
A May
9 story in the Business Journal said Insitu has doubled in size every year
for the past five years. In April, Insitu won a $24 million contract from
the U.S. Special Operations Command.
Boeing is the largest
manufacturer of commercial jetliners and military aircraft combined.
http://seattlepi.nwsource.com/business/371832_insitu23.html
http://www.insitu.com/
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