Boeing Sells Defense Subsidiary to Thales Amid Financial Struggles

Reported about 1 month ago

Boeing has finalized the sale of its defense subsidiary, Digital Receiver Technology, which produces surveillance equipment for the U.S. military, to Thales Defense & Security. This move is part of Boeing's strategy to improve its financial position amid ongoing challenges such as production delays, safety issues, and a significant strike impacting jet production in the U.S. The terms of the deal were not disclosed.

Source: YAHOO

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