Boeing announced the sale of its navigation and flight planning businesses to Thoma Bravo for over $10.5 billion, aiming to streamline operations and reduce debt. The transaction includes notable brands like Jeppesen and ForeFlight, which support pilots and flight planning. CEO Kelly Ortberg highlighted this move as part of a strategy to concentrate on core manufacturing while also enhancing Boeing's balance sheet and credit standing. Despite challenges, including safety concerns following a recent incident and supply chain disruptions, Boeing aims to increase production of the 737 Max and 787 Dreamliners.
Boeing's decision to offload several businesses for over $10.5 billion aims to refocus its operations on core airplane manufacturing while addressing significant debt.
CEO Kelly Ortberg emphasized that this sale is crucial for supporting Boeing's balance sheet and maintaining an investment-grade credit rating amidst ongoing quality concerns.
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