Boeing

(BA) - Get Report

may spin off some of its high-growth businesses, including parts of its satellite and communications arm and its air traffic management unit, according to reports.

The aerospace giant, which is based in Seattle, said it was considering various options for the possible spinoffs, including issuing tracking stocks and separate stock market listings, according to the Web site of the

Financial Times

.

Connexion by Boeing

, the company's satellite technology division, purchased

Hughes Electronics'

(GMH)

communications satellite business this year and is seeking airline partners to develop and market the service, which offers Internet access and other services.

Exostar

, the business-to-business platform started by Boeing,

Lockheed Martin

(LMT) - Get Report

,

Raytheon

(RTN.A)

and

Commerce One

(CMRC)

, was also mentioned as a candidate for obtaining a stock market listing.