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KLX Acquisition: Boeing’s Shot in the Arm for Global Services

Samuel Prince
KLX Acquisition: Boeing’s Shot in the Arm for Global Services

On May 1, Boeing (BA) announced an agreement to acquire aerospace parts distributor KLX (KLXI) for $3.2 billion in cash. The deal includes the acquisition of KLX Aerospace Solutions, which is the company’s primary business. KLX also has an energy services business that Boeing didn’t purchase. On April 27, the Wall Street Journal broke the story, reporting that Boeing was inching closer to buying KLX.