Boeing completes acquisition of KLX
Boeing completed its US$4.25 billion acquisition of KLX Aerospace Solutions to expand its services business, which the company describes as a US$2.8 trillion, 10-year aerospace services market.
KLX is a major global provider of aviation parts and services in the aerospace industry. Its capabilities include distribution and supply chain services. Boeing explains KLX currently markets and distributes products for approximately 2,400 manufacturers and offers approximately 1 million catalogue items.
KLX is also a supplier of chemicals and composites, which Boeing describes as a complement to its Aviall operation, allowing the company to offer commercial, defense, business and general aviation customers a broader range of products.
“This acquisition brings together the talent and product offerings of Boeing and KLX to provide a one-stop shop that will allow us to create significant value for our customers,” said Stan Deal, president and CEO of Boeing Global Services. “There are also extensive opportunities for services growth and innovation for Boeing and our supply chain that is unique to the industry.”
With approximately 2,000 employees, KLX will continue to operate from Miami with customer service centres located in more than 15 countries. Boeing employs approximately 140,000 people across the United States and in more than 65 countries.
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