The crisis persists: Boeing has sold one of its defense divisions.
In an effort to address its financial challenges, American aerospace giant Boeing has decided to sell its small defense subsidiary, Digital Receiver Technology. This company specializes in manufacturing wireless equipment utilized by the U.S. Army for intelligence purposes.
2024-10-22 07:30:02https://naked-science.ru/community/999993
Representatives from Boeing announced that Digital Receiver Technology will be sold to Thales Defense & Security, a subsidiary of the largest defense electronics manufacturer in Europe, Thales SA.
This move is part of Boeing's strategy to strengthen its financial position, which has been affected by a downgrade in its investment credit rating due to delays in the production of the 737 MAX, 767, and 777 aircraft, as well as issues arising from a union strike.
Additionally, Boeing will reduce production of the 737, 767, and 777 aircraft along with job cuts.