# Boeing nears deal to buy aerospace parts company KLX

Boeing Co is nearing a deal to buy aerospace parts company KLX Inc to expand into the aircraft-services business. The deal is expected to be announced on Monday, April 30, 2018.

- Type: Acquisition
- Announced: 2018-04-27
- Where: Miami, United States
- Value: $4.25B
- Status: rumored
- Products: aerospace parts
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Boeing](https://endata.com/companies/685.md) (acquirer)
- [KLX Inc.](https://endata.com/companies/29612.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/us-klx-m-a-boeing/boeing-nears-deal-to-buy-aerospace-parts-company-klx-wsj-idUSKBN1HY2L8/), 2018-04-27: "Boeing Co is nearing a deal to buy aerospace parts company KLX Inc to expand into the aircraft-services business."
- [airport-technology.com](https://www.airport-technology.com/news/boeing-buy-aerospace-parts-provider-klx-4-25bn/), 2018-04-30: "Boeing has signed a definitive agreement to purchase aerospace parts and services supplier KLX in a $4.25bn all-cash transaction to grow its services business."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1617898/000110465918029367/a18-12445_5defa14a.htm), 2018-05-01: "Boeing [NYSE: BA] and KLX Inc. [NASDAQ: KLXI] announced today that they have entered into a definitive agreement for Boeing to acquire KLX Aerospace Solutions (KLX), following the complete divestment and separation of KLX Inc.’s energy business."
- [boeing.mediaroom.com](https://boeing.mediaroom.com/2018-05-01-Boeing-to-Acquire-Leading-Aerospace-Parts-Distributor-KLX-Inc-to-Enhance-Services-Business-Growth), 2018-05-01: "Boeing [NYSE: BA] announced today it has entered a definitive agreement to acquire KLX Inc. [NASDAQ: KLXI] to enhance its growing services business."
- [cfo.com](https://www.cfo.com/news/boeing-buys-klx-to-boost-services-business/659094/), 2018-05-01: "Boeing announced Tuesday it had agreed to acquire aerospace parts supplier KLX for $3.2 billion in a move to grab a bigger share of the lucrative aircraft services business."
- [livemint.com](https://www.livemint.com/Companies/oS7toDEi6Du0wIz979AfZK/Boeing-to-buy-aerospace-parts-maker-KLX-for-about-32-billi.html), 2018-05-01: "Boeing is acquiring KLX Inc. for $4.25 billion in an all-cash transaction that includes $1 billion of net debt, as the world's largest planemaker bolsters a fast-growing new division that offers maintenance, spare parts and other services to airlines."
- [foxbusiness.com](https://www.foxbusiness.com/markets/boeing-to-buy-aerospace-parts-maker-klx-for-about-3-2-billion-in-cash), 2018-05-01: "Plane maker Boeing is buying aerospace parts company KLX in a move to bolster its aircraft services business."
- [cnbc.com](https://www.cnbc.com/2018/05/01/boeing-to-buy-aerospace-parts-maker-klx-for-about-3-point-2-billion-in-cash.html), 2018-05-01: "Plane maker Boeing said on Tuesday it would buy aerospace parts company KLX for about $3.2 billion in cash to expand its aircraft services business."
- [reuters.com](https://www.reuters.com/article/business/boeing-to-buy-aerospace-parts-maker-klx-for-about-32-billion-idUSKBN1I22SZ/), 2018-05-01: "Plane maker Boeing Co said on Tuesday it will buy aerospace parts company KLX Inc for about $3.2 billion in cash to expand its aircraft services business."
- [seattletimes.com](https://www.seattletimes.com/business/boeing-buys-plane-parts-supplier-klx-in-4-25-billion-deal/), 2018-05-01: "The world's largest planemaker will buy aerospace-parts distributor KLX for $3.25 billion while also taking on about $1 billion of net debt."
- [ainonline.com](https://www.ainonline.com/aviation-news/air-transport/2018-05-01/boeing-buy-parts-supplier-klx-425-billion), 2018-05-01: "Boeing has struck a $4.25 billion deal to acquire Miami-headquartered aircraft parts distribution, composites and aftermarket supplier KLX Inc.’s Aerospace Solutions Group"
- [aviationweek.com](https://aviationweek.com/air-transport/aircraft-propulsion/boeing-acquire-aerospace-parts-firm-klx-425-billion), 2018-05-01: "Boeing has struck a $4.25 billion deal to acquire Miami-headquartered aircraft parts distribution, composites and aftermarket supplier KLX Inc.’s Aerospace Solutions Group"
- [prnewswire.com](https://www.prnewswire.com/news-releases/boeing-to-acquire-leading-aerospace-parts-distributor-klx-inc-to-enhance-services-business-growth-300639768.html), 2018-05-01: "Boeing announced today it has entered a definitive agreement to acquire KLX Inc. to enhance its growing services business."
- [defensedaily.com](https://www.defensedaily.com/boeing-acquire-klx-bolster-commercial-aircraft-parts-services-business/business-financial/), 2018-05-01: "Boeing [BA] on Tuesday said it has agreed to acquire KLX Inc. [KLXI] for about $3.2 billion in cash in a deal aimed at strengthening its parts and services business."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.