Boeing Is in talks with parts supplier Woodward
Boeing has held preliminary talks with aircraft-parts supplier Woodward Inc. as it scouts potential targets to help build a new division into a US$50b behemoth, said people familiar with the talks. No deal is imminent from the discussions nor is there any guarantee Boeing would reach a final agreement with Woodward, said the people. Boeing has been looking to joint ventures and acquisitions as it works to beef up a new division, created last year, to provide maintenance, spare parts, retrofits and other services to airline and military customers. CE Dennis Muilenburg has set a target of expanding service division sales from US$14.6b to $50b over the next decade. The manufacturer has been taking over work previously performed by its suppliers as it builds a portfolio of spare parts to be sold to airlines on the aftermarket. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-02-09/general/boeing-is-in-talks-with-parts-supplier-woodward
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Boeing Is in talks with parts supplier Woodward
Boeing has held preliminary talks with aircraft-parts supplier Woodward Inc. as it scouts potential targets to help build a new division into a US$50b behemoth, said people familiar with the talks. No deal is imminent from the discussions nor is there any guarantee Boeing would reach a final agreement with Woodward, said the people. Boeing has been looking to joint ventures and acquisitions as it works to beef up a new division, created last year, to provide maintenance, spare parts, retrofits and other services to airline and military customers. CE Dennis Muilenburg has set a target of expanding service division sales from US$14.6b to $50b over the next decade. The manufacturer has been taking over work previously performed by its suppliers as it builds a portfolio of spare parts to be sold to airlines on the aftermarket. <br/>
