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Boeing pays premium for unmanned aircraft partner

by: Matthew Potter
July 25, 2008

Category: Acquisitions, development program, Insitu, Military Aviation | RSS 2.0

Boeing Paying a PremiumBoeing had been working with Insitu, a Washington state company, on unmanned aircraft. Now it just bought the company. See an article here. Based on reports, Boeing payed quite a premium for the company. Insitu had an estimated earnings last year of $80 M and Boeing reportedly payed five times that for the company. Of course all this is based on anonymous reports as the details have not been made public yet. So if you were able to invest money in Insitu you made it back.

Picture by pfala

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