Boeing Co. has hired an adviser to market a defense subsidiary that manufactures small, long-range military drones as the planemaker looks to unload businesses that aren’t central to its core commercial and defense operations, according to people familiar with the talks.
Insitu Inc., which Boeing acquired in 2008, is drawing interest from private equity firms and corporate buyers, said the people, who asked not to be identified because the discussions are confidential. The business, which makes drones used by Ukraine’s military, could fetch about $500 million, according to Jefferies analysts.
A Boeing spokeswoman declined to comment on Insitu’s ...
