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. Boeing Machinists vote to strike; union leaders say wait 2. Grim task of investigating Skagit County killings 3. 2 Lake Stevens schools in lockdown 4. Marysville-Pilchuck out of lockdown; man arrested nearby 5. New Glacier Peak High School dubbed 'pretty rad' 6. Boeing Machinists’ strike deferred 7. County Council says it was denied access to budget 8. Lockdown lifted at Lake Stevens schools 9. Don't miss out on settlement's payout 10. Couple's roadside lunch interrupted by attempted burglary 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

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