Queensland’s aviation and aerospace industry is to receive a boost as the State Government has announced the establishment of US aircraft company Insitu in Brisbane.
Insitu is a leading producer of Unmanned Airborne Vehicles (UAVs) that developed the military ScanEagle in partnership with Boeing. The ScanEagle system is being used by the Australian Defence Force in Iraq and Afghanistan.
Minister for tourism, regional development and industry Desley Boyle said the arrival of the company is “a massive coup” for Queensland.
“Their presence in the State will progress our UAV industry in leaps and bounds,” she said.
“The UAV industry is considered the next big thing in aerospace and is worth USD3.4 billion annually with the potential to reach close to USD7 billion over the course of the next ten years.
“The Queensland Government is working extremely hard to ensure a big chunk of that USD7 billion comes to Queensland.”
Ms Boyle said the company chose Queensland over Canada because of the state’s growing international reputation as a major hub for UAVs. More than 30 per cent of Australia’s UAV industry is located in Queensland.
According to Ms Boyle, the emerging market has a great potential as research to integrate UAVs with other aircraft users is ongoing backed by strong movement to commercialise the sector for civilian use.
She said the government’s strategy to attract high-profile aviation companies has been a critical factor in its industrial development and growth.
“We’ve gone from having virtually no aviation and aerospace industry 10 years ago to today having 17,000 people employed across Queensland, with over 900 aviation companies based in the State,” she said.