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Why Boeing Sought to Acquire KLX’s Aerospace Solutions

Samuel Prince
Why Boeing Sought to Acquire KLX’s Aerospace Solutions

In 2017, Boeing (BA) created a new segment, Boeing Global Services, to access the lucrative aircraft repairs and maintenance market. After-sale aircraft services are a high-margin business. Boeing’s CEO, Dennis Muilenburg, expects to build the Global Services segment to reach $50.0 billion in revenues within a decade.