Business

<< Previous   of   Next >>   ADVERTISEMENT   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Tuesday, July 22, 2008 Boeing buying unmanned aircraft builder Associated Press ST. LOUIS -- Boeing Co. is buying aircraft design and development company Insitu Inc. for undisclosed terms to help boost its presence in the unmanned systems market. The purchase is expected to close by the end of September, following regulatory approval. Boeing said Tuesday the purchase does not affect its outlook and said Insitu will operate as a separate subsidiary. Insitu is based in Bingen, Wash. The company designs, develops and manufactures unmanned air systems, or aircraft that operates without a pilot, for commercial and military applications. Shares of Boeing rose 41 cents to $68.65 in midday trading.

1. Life on the strike line 2. Arlington boatbuilder shutting down; hundreds to lose jobs 3. Dwayne Lane can build in Arlington, court says 4. Boeing, Machinists likely to resume talks this weekend 5. Woman who helped bust Everett cyberpimp will serve a week in jail 6. Crash shuts highway in Lake Stevens, sends 1 to hospital 7. U.S. 2 striping will add a lane 8. Man arrested after Everett gun confrontation 9. Snow So Soon? 10. Robinson looks to be productive for Seattle 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

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