Boeing Looks to Offload Insitu Drone Unit in Strategic Business Overhaul
Boeing is exploring the sale of its defense subsidiary Insitu, a move aimed at shedding non-core assets and focusing on its commercial and defense operations, with private equity firms and corporate buyers showing interest. The potential divestment comes as Boeing seeks to boost cash flow and reduce debt, having previously tested interest in selling its Orca drone submarine business before deciding to keep it. This strategic overhaul aims to streamline the company's portfolio and increase efficiency.
- The sale of Insitu could signal a broader trend among defense contractors to restructure and shed non-core assets, potentially forcing industry-wide consolidation.
- How will the ownership structure and management of Insitu impact its ability to compete with established players in the drone technology sector?