Surveillance firm Insitu sells to Boeing for reported $400M
Aerial surveillance startup Insitu surprised everyone Tuesday when it said that it would sell to Boeing, one of the world’s largest aviation firms. The company, which makes unmanned aerial vehicles (UAV), had been expected to go through an IPO within a year or two.
UAV makers have met with plenty of success in the past few years, in part because of the vast military expenditures in Afghanistan and Iraq, as well as growing markets for applications… Continue Reading