Boeing - M&A Summary and Business Overview

AerospaceCompany

Boeing M&A Summary

Boeing has acquired 34 companies, including 3 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 6 assets.

Boeing’s largest acquisition to date was in 1996, when it acquired McDonnell Douglas for $13.3B. It’s largest disclosed sale occurred in 2025, when it sold Boeing - Digital Aviation Solutions to Thoma Bravo for $10.6B. Boeing has acquired in 13 different US states, and 6 countries. The Company’s most targeted sectors include aerospace (30%) and software (27%).

Boeing Business Overview

Where is Boeing headquartered?

Boeing is headquartered in Arlington, Virginia.

What is Boeing’s revenue?

Boeing disclosed revenue of 66,517M USD for 2024 and 77,794M USD for 2023.

How many employees does Boeing have?

Boeing has 172,000 employees.

What sector is Boeing in?

Boeing is an aerospace company.

When was Boeing founded?

Boeing was founded in 1916.

M&A Summary

  • M&A Total Activity40
    • M&A Buy Activity34
    • M&A Sell Activity6
  • Total Sectors Invested 12
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 17
  • M&A Advisors 10

Boeing

The Boeing Co.

929 Long Bridge Drive,
Arlington, Virginia 22202
United States,
(703) 465-3500
www.boeing.com

Boeing is a global aerospace company that operates in five principal segments. These segments include Commercial Airplanes; Boeing Defense, Space & Security (BDS) which comprises of Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S); and Boeing Capital Corporation (BCC). The Company's other business includes the activities of Engineering, Operations & Technology (EO&T) and Shared Services Group (SSG). EO&T provides Boeing with technical and functional capabilities, including information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management. Boeing was founded in 1916 and is based in Arlington, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.6/yr) # 31 - 1 - 2 - 34
vol $28.4B $8.3B $36.7B
Sell (0.2/yr) # 5 - - - - 1 6
vol $375M $10.6B $10.9B
  40

Most Recent M&A

Company Date Value Type
Boeing - Digital Aviation Solutions 2025-04-22 10.6B USD Divestiture
Arlington, Virginia
Wagner Sustainable Fuels 2024-08-20 - Stake Purchase
Toowoomba, Australia · www.wagnersustainablefuels.com.au
Spirit AeroSystems Holdings, Inc. 2024-07-01 8.3B USD Add-on Acquisition
Wichita, Kansas · www.spiritaero.com
American Battle Monuments Foundation 2022-07-20 - Stake Purchase
Denver, Colorado · www.abmf.org
ForeFlight LLC 2019-03-06 - Add-on Acquisition
Houston, Texas · www.foreflight.com
Isotropic Systems Ltd. 2019-01-15 - Add-on Acquisition
London, United Kingdom · www.isotropicsystems.com
Millennium Space Systems, Inc. 2018-08-16 - Add-on Acquisition
El Segundo, California · www.millennium-space.com
KLX, Inc. 2018-05-01 4.3B USD Add-on Acquisition
Wellington, Florida · www.klx.com
Aurora Flight Sciences Corp. 2017-10-05 - Add-on Acquisition
Manassas, Vermont · www.aurora.aero
Liquid Robotics, Inc. 2016-12-06 - Add-on Acquisition
Sunnyvale, California · www.liquidr.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Spirit AeroSystems Holdings, Inc. 2024-07-01 Fiber Materials, Inc. 2025-01-13 1
Wichita, Kansas · www.spiritaero.com Biddeford, Michigan · www.fibermaterialsinc.com
KLX, Inc. 2018-05-01 John Hassall, Inc. - Laboratory Operations 2018-07-16 1
Wellington, Florida · www.klx.com Westbury, New York
Jeppesen, Inc. 2000-08-15 Jeppesen - Marine Business 2016-03-15 2
Englewood, Colorado · www.jeppesen.com , United States
Jeppesen, Inc. 2000-08-15 Jeppesen, Inc. - Journey Planning Business and Integrated Public Transport Information System (IPTIS) 2013-11-19 1
Englewood, Colorado · www.jeppesen.com , United Kingdom

M&A by Sector

Sector Buy # Value Sell # Value
Aerospace 10 (29%) 23.3B (64%) 4 (67%) 375M (3%)
Software 9 (26%) 25M (< 1%) 1 (17%) 10.6B (97%)
Information Technology 3 (9%) - 1 (17%) -
Technology Hardware 3 (9%) - - -
Defense 2 (6%) 3.8B (10%) - -
Business Services 1 (3%) - - -
Distribution 1 (3%) 4.3B (12%) - -
Education 1 (3%) - - -
Electronics 1 (3%) 3.8B (10%) - -
Engineering 1 (3%) - - -
Information Services 1 (3%) 1.5B (4%) - -
Internet Software and Services 1 (3%) - - -
Total 34 $36.7B 6 $10.9B

By Geo

State/Country Buy Value Sell Value
United States 29 36.7B 6 10.9B
  California 10 3.8B 2 -
  Virginia 4 775M 1 10.6B
  Texas 2 1.7B - -
  Missouri 2 13.3B - -
  Colorado 2 1.5B - -
  Washington 1 - 1 -
  Kansas 1 8.3B 1 375M
  Vermont 1 - - -
  Pennsylvania 1 - - -
  New York 1 - - -
  Maryland 1 - - -
  Florida 1 4.3B - -
Australia 1 - - -
Germany 1 - - -
Gibraltar 1 - - -
Netherlands 1 - - -
United Kingdom 1 - - -
Domestic 29 (85%) 36.7B (100%) 6 (100%) 10.9B (100%)
Cross-border 5 (15%) - - -
Total 34 $36.7B 6 $10.9B

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
2
GTK Partners
2
Citi
1
Legal Deals
Mayer Brown
1
Sullivan & Cromwell
1

Deal Values

buy # Total
> $1B 7 $35.9B
$100M to $1B 1 $775M
< $100M 1 $25M
TOTAL $36.7B
Largest McDonnell Douglas Corp.
$13.3B (1996-12-16)
sell # Total
> $1B 1 $10.6B
$100M to $1B 1 $375M
TOTAL $10.9B
Largest Boeing - Digital Aviation Solutions
$10.6B (2025-04-22)

M&A Connections

Deals
Acquired from
Investor(s)
21%
7 (21%)
Strategic(s)
12%
4 (12%)
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
67%
4 (67%)

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