Boeing has announced that they will be purchasing Insitu Inc., which is a major player in the Unmanned Aerial Vehicle (UAV) market. The two companies have a prior history of working together from as early as 2002, on the ScanEagle project. Insitu is projected to have revenue of $150 million USD this year, which is up 70% from last year. Insitu also makes the Integrator, GeoRanger, and Insight UAV systems. The purchase price has not been disclosed. Insitu will operate as a seperate subsidiary of Boeing. Insitu is based in Bingen, Washington and currently has 360 employees.

This will most definitely not be the last of such acquisitions. As the UAV market grows, be on the lookout for much larger aerospace companies like Northrop Gumman and Lockheed, to buy up all the smaller companies.