Boeing forms division for drone projects
PARIS — Boeing’s defense business announced on Monday the launch of an Unmanned Airborne Systems division, which will group all drone projects to better compete for military contracts.
"The new division establishes a single team focused on implementing a common strategy for unmanned systems and services," said Jim Albaugh, president of Boeing Integrated Defense Systems. The Seattle-based unit will have roughly $400 million in revenue in its first year, Albaugh said. He forecast double-digit growth for the business in the future 1 hour payday loans.
Projects include the ScanEagle, for battlefield reconnaissance; the Phantom Ray, meant for surveillance and aerial attack; and the A160 Hummingbird, a long-endurance helicopter drone.
Boeing IDS is headquartered in St. Louis and has 70,000 employees worldwide.
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