Boeing, ADASI sign UAS teaming agreement
Boeing and Abu Dhabi Autonomous Systems Investments Company (ADASI) have signed a teaming agreement pursuing opportunities for marketing unmanned systems in the Middle East. The teaming agreement expands on a previous agreement between ADASI and Insitu, a wholly owned Boeing subsidiary that makes the ScanEagle and Integrator. That collaboration allowed for support and [...]Boeing pays premium for unmanned aircraft partner
July 25, 2008 by Matthew Potter · Comment
Filed under: Acquisitions, development program, Insitu, Military Aviation
Filed under: Acquisitions, development program, Insitu, Military Aviation
Boeing 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.
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