Aircraft
Boeing To Buy Parts Supplier KLX for $4.25 billion
Deal to effect annual cost savings of $70 million by 2021

Boeing moved to expand its burgeoning support division Friday with the decision to acquire major aviation parts supplier KLX in a deal worth $4.25 billion. The all-cash transaction, which includes $1 billion in debt, includes KLX’s Aerospace Solutions Group and remains conditional on KLX’s successful divestment of its Energy Services Group.