Boeing Co’s wholly-owned Insitu on Wednesday said it has reached its first $25 million contract for its ScanEagle SAUV vehicle for the Canadian government for Intelligence, Surveillance and Reconnaissance (ISR) operation in Afghanistan.
It has agreed to contract nearly $61 million for Canadian industry in opportunity if the government exercises additional contract options, which received $30 million contract to Insitu.
The ScanEagle has proven itself as a long-endurance unmanned aircraft system, and Boeing continues to prove itself as a long-endurance partner to Canada,” said Insitu SUAV Program Manager Greg Davis.
Recently, Boeing Integrated Defense Systems also received $250 million U.S special operation contracts using the ScanEagle unmanned aircraft system for its ISR services.
In 2008, Boeing acquired the 14 year-old maker of unmanned aircraft as part of its strategic and growing defense market. The two companies worked together since 2002 to develop the successful ScanEagle UAS, which have had more than 150,000 operational flights with the U.S. Department of Defense and international customers.
Shares of Boeing fell $.015 or 0.34% at $44.01 in the regular trading.