It comes as no surprise that Boeing (BA) is once again growing and expanding. Today the company announced that it will be purchasing aircraft maker Insitu Inc. for an undisclosed amount.

The nifty thing about Insitu is that the company's aircraft fly unmanned. This allows for excellent intelligence, surveillance and reconnaissance missions. It comes as no surprise that with this high-tech equipment Insitu sales have managed to double every year for the past five years.

Boeing's purchase of this valuable company is expected to be complete by the end of September and will operate as a subsidiary of Boeing's Integrated Defense System's Military Aircraft division. This is great news for my Profitable Investing subscribers.