CHICAGO – Boeing Co. announced its biggest acquisition Monday in nearly a decade, agreeing to acquire aviation parts and services company Aviall Inc. for $1.7 billion in cash in a deal aimed at increasing its already large stakes in commercial and military aviation markets.
The transaction was announced shortly before the companys annual shareholders meeting in Chicago.
If the deal is approved by regulators, Aviall will become a wholly owned subsidiary reporting to Boeings commercial aviation services unit. Aviall is based in Dallas and has about 1,000 employees.
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