LONDON, UK / ACCESSWIRE / May 03, 2018 / Active-Investors.com has just released a free research report on The Boeing Co. (NYSE: BA) ("Boeing"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BA as the Company's latest news hit the wire. On May 01, 2018, the Company announced that it has inked a deal to acquire KLX Inc. (NASDAQ: KLXI), which is a major independent provider of new aviation parts and related aftermarket services, for approximately $4.25 billion. The purchase consideration consists of $63 per share in cash and approximately $1.0 billion of net debt. The acquisition will enhance Boeing's growing services business. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Boeing and KLX most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
- Boeing will acquire KLX's Aerospace Solutions Group, which is contingent upon the successful divestment and separation of KLX's Energy Services Group.
- Following the acquisition, Aerospace Solutions Group will become a part of Boeing Global Services, and will integrate with Aviall, Boeing's parts, equipment, and services unit. The Miami facilities will remain the principal operating location.
- Boeing expects the acquisition to have a neutral earnings impact through 2019 and accretion thereafter, with annual cost savings growing to approximately $70 million by 2021 and further improvements realized over time.
- Boeing did not adjust its 2018 guidance or capital deployment strategy as it announced the takeover, but remains committed to returning approximately 100% of free cash flow to shareholders.
- The transaction, expected to close by Q3 2018, is subject to customary conditions, including regulatory clearance and the approval by a majority of KLX's shareholders.
Acquisition Positions Boeing to Compete and Win in $2.6 trillion, 10-Year Services Market
Stan Deal, President and Chief Executive Officer (CEO) of Boeing Global Services, stated that this acquisition is the next step in the Company's services growth strategy, with a clear opportunity to profitably grow its business and better serve the customers in a $2.6 trillion, 10-year services market. Deal added that by combining the talent and product offerings of Aviall and KLX, Boeing will provide a one-stop-shop that will benefit the Company's supply chain and its various customers in a meaningful way.
Combination of Aviall and KLX Aerospace facilitates will Enable KLX to Deliver Industry-Leading Value-Added Service Solutions
Amin Khoury, Chairman and CEO at KLX, stated that the combination of Aviall and KLX Aerospace facilitates the broadest scope of parts and products to support all customer fleet types for the commercial, military and defense, and business and general aviation markets. Khoury added that this business combination will enable KLX to deliver industry-leading value-added service solutions for its customers, and outstanding growth opportunities for its suppliers.
About KLX Inc.
Headquartered in Miami, Florida, KLX is the world's leading provider of aerospace fasteners, consumables, and logistics services as KLX Aerospace Solutions. It also provides oilfield services and associated rental equipment across North America as KLX Energy Services. KLX, through its two operating segments, provides mission critical products and complex logistical solutions to support its customers' high value assets.
About The Boeing Co.
Founded in 1916 and headquartered in Dallas, Texas, Boeing is the world's largest aerospace Company and leading manufacturer of commercial jetliners, defense, space, and security systems, and service provider of aftermarket support. As America's biggest manufacturing exporter, the Company supports airlines and US and allied government customers in more than 150 countries.
Stock Performance Snapshot
May 02, 2018 - At Wednesday's closing bell, The Boeing's stock fell 1.62%, ending the trading session at $324.19.
Volume traded for the day: 3.42 million shares.
Stock performance in the previous six-month period – up 25.05%; past twelve-month period – up 76.73%; and year-to-date - up 9.93%
After yesterday's close, The Boeing's market cap was at $191.48 billion.
Price to Earnings (P/E) ratio was at 23.95.
The stock has a dividend yield of 2.11%.
The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry.
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