Boeing said ETS is a market leader as it provides over 120 airlines and corporate flight departments the tools needed to accurately monitor fuel consumption, identify fuel savings opportunities, and track and report carbon emissions.
Terms of the deal were not disclosed, but Boeing's senior vice president of Commercial Aviation Services Stan Deal said, "Adding these fuel-efficiency tools enhances the edge we provide customers, helping airlines realize greater operating and environmental efficiencies."
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Shares of The Boeing Company are up 0.36% to $132.31 on Friday.
TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."