Boeing needs money: Digital aviation solutions sold

The Boeing aircraft manufacturer sells a large part of its division for Digital Aviation Solutions. Buyer, US investment company Thoma Bravo, pays $ 10.55 billion (currently 9.16 billion euros). This reduces Boeing’s debt, which was about 53 billion dollars high at the turn of the year.

Boeing CEO Kelly Ortberg said on Tuesday, “This transaction is an important part of our attention on our main business, improvement of our balance sheet and our credit rating priority.” Because high loans means poor credit rating means high interest rate legs. Sold subsidy and brands include Jepasen, Fourflight, Erdata and Ozronvez. However, Boeing fleet retains certain solutions for main functions such as management, diagnosis and repair. In addition, Boeing software should continue to help customers with preventive maintenance.

How many of the 3,900 employees in Boeing’s Digital Aviation Solutions have to change the employers Commercial boing not out. It should be a majority. Both companies do not say anything about any dismissal. The contract is binding, the closing is planned for the end of the year, provided that the necessary competition law permits are provided.

Thoma Bravo was established in 2008 and was mainly invested in technical companies that are often rejected after a few years. Well known names in broad names Portfolio is sophos And solar winds. Of course, not all investment are beneficial, as an example, an investment of $ 130 million is mentioned in the FTX Cryptocurrency Exchange.

US Tariff: Add global PC sales

Boeing needs money

Security problems have affected Boeing’s trade course since accidents of two aircraft of the 737 Max 8 series in October 2018 and March 2019; This was not only five years after the crime of criminal fraud (perhaps avoidable) accidents for the crime of conspiracy. This step was no longer to avoid practically the new Boeing 737 Max 9, losing a door hole cover at the beginning of the year during the flight. Recently Boeing would clearly want to withdraw his confession to acquire a significant punishment by the Ministry of Justice of Justice under Donald Trump.

In addition, there are significant disadvantages with space and military orders. The company has concluded the fixed price contracts and has offset itself. Meanwhile, it is also rumored by selling the space division to blue origin. A strike deteriorated the financial situation in the autumn and slowed down the production of civil products in the production of military projects. The fourth quarter sales of 2024 fell 31 percent to $ 15.2 billion compared to the same period last year. A minus of $ 3.8 billion increased to $ 283 million. Boeing’s trade figures are not better for the year 2024.

Problems did not happen suddenly, but came together for decades. Especially the outsourcing strategy operated by former CEO Harry Stonicifer has a permanent impact. It was important to him that Boeing “moves like a business as a great technology company.” Since taking over as Boeing President in 1997, the company has spent more than $ 60 billion to buy its shares. It supports the share price, which certainly does not harm management; However, the money is then missing elsewhere, for example in quality assurance, the development of a new generation of the aircraft and the remuneration of the employees. Robert has been a new Boeing boss since August.

(DS)