Boeing to buy aviation parts distributor on multi-billion dollar deal

Source: Xinhua| 2018-05-02 13:41:26|Editor: Chengcheng
Video PlayerClose

SAN FRANCISCO, May 1 (Xinhua) -- Top U.S. aircraft manufacturer Boeing Co. announced Tuesday that it will pay a total of 4.25 billion U.S. dollars to acquire leading aviation parts and service distributor KLX Inc. to tap the lucrative aviation service market.

Boeing said the acquisition is contingent on the spin-off of KLX Inc.'s energy business, which will be sold to shareholders.

The deal includes an all-cash transaction for 63 dollars per share and the assumption of approximately 1 billion dollars in net debt when it acquires KLX Inc. to grow the aviation service business, Boeing said.

Boeing's ambitious acquisition will position the world's largest airplane maker to compete and win the 2.6-trillion-dollar services market over a period of 10 years.

After the transaction, KLX Inc. will become part of Boeing Global Services and be fully integrated with the planemaker's parts subsidiary, Aviall, whose facilities are based in Miami in southern Florida.

Boeing will save an annual cost of about 70 million dollars by 2021 as a result of the deal.

KLX Inc. is a major independent provider of aviation parts and services in the aerospace industry, offering parts distribution and supply chain services for aerospace and defense industries worldwide.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001371509171
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
在线人成亚洲视频免费观看 | 色爱区综合激月婷婷视频 | 亚洲欧美日韩国产综合 | 日本在亚洲A在线观看 | 亚洲欧洲日产韩国夜夜高潮 | 日本看片视频区一区二 |