Boeing to sell portions of digital aviation business to Thoma Bravo
ARLINGTON, Va. - The Boeing Company in Arlington, Va., announced it has reached a definitive agreement to sell portions of its Digital Aviation Solutions business to Chicago-based private equity firm Thoma Bravo for $10.55 billion in an all-cash deal.
The sale includes Boeing’s Jeppesen, ForeFlight, AerData, and OzRunways assets. Boeing will retain key digital capabilities that leverage aircraft and fleet-specific data to provide maintenance, diagnostics, and repair services for its commercial and defense customers.
"This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet, and prioritize the investment grade credit rating," said Kelly Ortberg, Boeing president and chief executive officer.
Chris Raymond, president and CEO of Boeing Global Services, said the move "enables all parts of the digital portfolio to focus on their strengths," adding that Boeing remains committed to supporting customer fleets with its core products and services.
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"We are proud to be investing in such an important technology platform in the broader aerospace and defense industry," said Holden Spaht, a managing partner at Thoma Bravo. Scott Crabill, also a managing partner, noted the business’s strong growth momentum and said Thoma Bravo looks forward to supporting its standalone growth through strategic investments and operational best practices.
Approximately 3,900 employees worldwide work within Boeing's Digital Aviation Solutions organization, which includes teams remaining with Boeing and those transitioning to Thoma Bravo. Boeing said it is coordinating with Thoma Bravo to ensure a smooth transition for employees and customers. The transaction, subject to regulatory approval and customary closing conditions, is expected to close by the end of 2025.
Jamie Whitney
Jamie Whitney joined the staff of Military & Aerospace Electronics and Intelligent Aerospace. He brings seven years of print newspaper experience to the aerospace and defense electronics industry.
Whitney oversees editorial content for the Intelligent Aerospace Website, as well as produce news and features for Military & Aerospace Electronics, attend industry events, produce Webcasts, oversee print production of Military & Aerospace Electronics, and expand the Intelligent Aerospace and Military & Aerospace Electronics franchises with new and innovative content.
