TITLE

Marrying Off the Progeny at Boeing

AUTHOR(S)
Friedlander, Josh
PUB. DATE
June 2005
SOURCE
Investment Dealers' Digest;6/27/2005, Vol. 71 Issue 25, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the result of sale of business by Boeing Co. When Boeing Co. decided to marry off a major unit that supplies it's manufacturing and servicing of aircraft, the company knew it didn't want its progeny to move far from home. Boeing technically said goodbye to its commercial airplane operations in Kansas and Oklahoma when it sold the units-now known as Mid-Western Aircraft Systems-to Toronto-based buyout shop Onex Corp. The purchase agreement enters Boeing and Mid-Western into a number of long-term agreements with regard to Boeing's ongoing aircraft construction and maintenance programs, especially for its 787 aircraft program.
ACCESSION #
17458679

 

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