With approximately 2,000 employees,
KLX Aerospace Solutions will continue to operate from Miami with customer service centers located in more than 15 countries.
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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