Boeing to buy Insitu for undisclosed terms
By Associated Press
ST. LOUIS (AP) - Boeing Co. is buying aircraft design and development company Insitu Inc. for undisclosed terms to help boost its presence in the unmanned systems market.
The purchase is expected to close by the end of September, following regulatory approval. Boeing said Tuesday the purchase does not affect its outlook and said Insitu will operate as a separate subsidiary. Insitu is based in Bingen, Wash. The company designs, develops and manufactures unmanned air systems, or aircraft that operates without a pilot, for commercial and military applications. Shares of Boeing rose 41 cents to $68.65 in midday trading. |
Weather & Traffic
Current Temp
45.0 °F
Light Rain
Weather & TrafficUpload directly from your mobile device. Learn how Stay ConnectedYouNews
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled.
Click here for a free download of the latest Adobe Flash Player.
|
Viewer PollMost Popular
|
Copyright © 2009
140 Fourth Ave. North, Suite 370,
Seattle,
WA
98109
Contact Us | Advertise with Us | Privacy Policy | Terms of Use | Public Filing Report | DTV Report | ABC
Copyright © 2008 Fisher Communications, Inc.
Powered by Broadcast Interactive Media.
