Boeing has announced plans to sell portions of its digital aviation solutions business to private equity firm Thoma Bravo for $10.55 billion. This agreement allows Boeing to retain essential digital capabilities while shedding non-core elements of the business. The move is part of a strategy initiated by new CEO Kelly Ortberg to streamline operations and improve the company's financial health following a series of setbacks. The deal also indicates Boeing's commitment to its Defense, Space & Security division despite recent losses.
This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment grade credit rating.
Boeing will retain core digital capabilities that harness both aircraft and fleet-specific data to provide commercial and defense customers with fleet maintenance, diagnostics and repair services.
Collection
[
|
...
]