Boeing announced May 1 that it has struck a $4.25 billion deal to acquire Miami-headquartered aircraft parts distribution, composites and aftermarket supplier KLX Inc.’s Aerospace Solutions Group, marking a further move into the value chain. Boeing is paying $63 per share for KLX and taking on $1 billion in net debt, totaling $4.25 billion. Boeing estimates that the acquisition will generate about $70 million in annual cost savings by 2021, with potential for further improvements. KLX ...
