With KLX Deal, Parts Distribution Is Set to Become More Than 25% of Boeing's Services Business
Wide-moat Boeing announced plans to acquire the aerospace business of KLX, which distributes spare parts and provides logistics services in the aerospace aftermarket. We think the deal makes sense and complements Boeing’s existing parts distribution operated through its Aviall subsidiary. The deal also supports Boeing's desire to grow services to $50 billion within the next 10 years. Boeing management expects KLX to have a neutral earnings impact through the end of 2019 but to be accretive in 20...The Boeing is an aerospace firm. The company's segments include: Commercial Airplanes, which develops, produces and markets commercial jet aircraft and provides fleet support services, mainly to the commercial airline industry; Defense, Space and Security, which engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, vertical lift, and commercial derivative aircraft; Global Services, which provides supply chain and logistics management, pilot and maintenance training systems and services, and data analytics and digital services; and Boeing Capital, which manages overall financing exposure.
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