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Boeing Selling Some Of Its Digital Aviation Solutions Business For $11 Billion

Cal Biesecker By
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Boeing Selling Some Of Its Digital Aviation Solutions Business For $11 Billion
Boeing President and CEO Kelly Ortberg. Photo: Boeing

Boeing [BA] on Tuesday said it has agreed to sell portions of its Digital Aviation Solutions business for $10.6 billion in cash to the software investment firm Thoma Bravo, a move initiated by new Boeing chief Kelly Ortberg who is assessing the overall portfolio to focus on core assets and raise cash to pay down debt. The struggling aerospace and defense giant, which notched a huge win recently to develop the Air Force’s sixth generation fighter aircraft, will report first…

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