The increase in BCA margin guidance in 2018 is a sign of ongoing improvement with these aims, while the $4.25 billion acquisition of
KLX will enhance BGS revenue growth.
Boeing [NYSE: BA] has announced the completion of its acquisition of
KLX Aerospace Solutions to strengthen Boeing's position in the USD 2.8 trillion, 10-year aerospace services market, the company said.
KLX is also a leading supplier of chemical composites, with this combination broadening the scope of what Aviall can offer to customers in this space.
KLX is also a leading supplier of chemicals and composites, which complements Aviall's portfolio, allowing Boeing to offer commercial, defence, business and general aviation customers a broader range of offerings.
Boeing's (BA) $4.25 billion acquisition of
KLX Aerospace Solutions Group (
KLX) will not by itself affect Fitch's ratings covering BA.
The world's largest planemaker will buy aerospace parts distributor
KLX for $3.25 billion while also taking on about $1 billion of net debt.
KLX Energy Services Holdings announced that it has completed the acquisitions of Red Bone Services primarily in the Mid-Con, providing, non-frac high pressure pumping, thru-tubing, fishing and certain other services, and Tecton Energy Services, a leading provider of flowback, drill-out and production testing services, operating primarily in the greater Rocky Mountains.The aggregate acquisition price of the Red Bone and Tecton acquisitions was approximately $82M, comprised of approximately 2.1 million shares of the Company's common stock and $14.5M in cash to the sellers, plus approximately $14.5 million for the retirement of debt, representing a multiple of approximately 4.8 times the companies' combined full year 2018 EBITDA.
Boeing's (BA) $4.25 billion acquisition of
KLX Aerospace Solutions Group (
KLX) will not in itself affect Fitch's 'A/F1' ratings covering BA and Boeing Capital Corporation (BCC).
Boeing [NYSE: BA] has announced it has entered a definitive agreement to acquire
KLX Inc.
The world's largest plane maker will buy aerospace parts distributor
KLX for $3.25 billion while also taking on about $1 billion of net debt.
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