Boeing sells small defense surveillance unit to Thales-February 2024-www.financetom.com

Boeing sells small defense surveillance unit to Thales

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Boeing sells small defense surveillance unit to Thales

Oct 20, 2024 9:16 AM

Oct 20 (Reuters) - Boeing ( BA ) closed a deal this

month to sell a small defense subsidiary that makes surveillance

equipment for the U.S. military, the company said on Sunday, as

the planemaker looks to shore up its struggling finances.

Boeing ( BA ) said in a statement that Digital Receiver Technology,

which makes wireless equipment used by intelligence services,

will be sold to Thales Defense & Security, an arm of Europe's

largest defence electronics firm.

Boeing ( BA ) did not disclose the terms of the deal.

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