Boeing acquires software company Miro Technologies

Boeing acquires software company Miro Technologies; financial terms not disclosed

Associated Press

NEW YORK (AP) -- Boeing said Thursday that it has acquired Miro Technologies, a privately held company that specializes in software to help manage logistical services.

Miro will become part of the Global Services & Support business that falls under Boeing Defense, Space & Security, which is a unit of The Boeing Co. Financial terms of the acquisition were not disclosed.

Miro, which is based in La Jolla, Calif., offers software for such tasks as supply chain management, maintenance, repair and overhaul services and performance-based logistics.

The acquisition is part of Boeing's strategy to expand its international business and capabilities in the defense sector.

Shares of Boeing, based in Chicago, fell $1.17 to end at $71.54 Thursday. The price has ranged from $62.12 to $77.83 per share in the past 52 weeks.

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