Boeing Looks to Expand Defense Arm Through Acquisitions
Boeing is starting to plan how it will eventually replace its bestselling products.
Shares of Boeing (BA) - Get Report were higher Monday on news that the manufacturing giant's defense division is on the lookout for 'bolt-on' acquisitions. According to Leanne Caret, CEO of the company's defense department, Boeing is looking for new strategies as its F/A-18 and F-15 fighter planes approach retirement. Right now, those two jets make up Boeing's largest source of defense sales. Boeing's new priorities stem from global uncertainty and political turmoil alongside the U.S. government's tightening spending.
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