Investing
Boeing sells small defense surveillance unit to Thales By Reuters
(Reuters) -Boeing closed a deal this month to sell a small defense subsidiary that makes surveillance equipment for the U.S. military, the company said on Sunday, as the planemaker looks to shore up its struggling finances.
Boeing (NYSE:) said in a statement that Digital Receiver Technology, which makes wireless equipment used by intelligence services, will be sold to Thales Defense & Security, an arm of Europe’s largest defence electronics firm, Thales SA.
Boeing did not disclose the terms of the deal.
The Wall Street Journal reported earlier on Sunday that Boeing had agreed a deal to offload a small defense subsidiary, without naming the unit.
Last week, Boeing said it could raise as much as $25 billion in stock and debt as its investment-grade credit rating comes under threat from production delays, safety problems and a month-long strike in its U.S. planemaking heartland.
Striking Boeing factory workers on the West Coast, most in Washington state, will vote on Wednesday on a new contract proposal that could end the strike, which has halted production of the 737 MAX, 767 and 777 jets.
Read the full article here
-
Make Money6 days ago
4 Tips to Grow a Side Hustle While Working Full Time (and Have a Life)
-
Passive Income6 days ago
How to Ensure AI Is Being Used Ethically in Your Business
-
Side Hustles7 days ago
Buying a Business? 3 Secrets to Master the Ownership Transition With Ease
-
Make Money5 days ago
4 Ways to Get $10 in Sam’s Club Cash for Free This Week
-
Side Hustles4 days ago
NHTSA Investigates Tesla Full Self-Driving Feature
-
Investing4 days ago
Taiwan Semi to generate $110 billion in 2025 revenue: Needham By Investing.com
-
Side Hustles4 days ago
3 Ways Data Can Drive Sustainable Decision-Making in Business
-
Side Hustles5 days ago
3 Traits Founders Need to Land Investments: Daniel Lubetzky