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Boeing To Acquire KLX To Bolster Commercial Aircraft Parts And Services Business

Cal Biesecker By
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Boeing To Acquire KLX To Bolster Commercial Aircraft Parts And Services Business

Boeing [BA] on Tuesday said it has agreed to acquire KLX Inc. [KLXI] for about $3.2 billion in cash in a deal aimed at strengthening its parts and services business, which it is intent on growing substantially over the next decade.The deal is mainly focused on the commercial aircraft side of Boeing’s new Global Services segment, as just about 8 percent of KLX’s $1.4 billion in sales last year was to defense customers.KLX provides aerospace fasteners, chemicals, consumables and logistics…

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