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Boeing To Acquire UAV Developer Insitu

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Boeing [BA] recently said it has agreed to acquire Insitu, Inc., a small firm that developed and built the ScanEagle unmanned air system and with which it has teamed for the past six years, in an effort to secure a stronger position in the market for unmanned aerial vehicles (UAV). Terms of the deal, which is expected to close by the end of September, were not disclosed. Insitu is demonstrating strong growth, with sales expected to reach $150 million this…

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