Acquisition of logistics planning systems company -- CDM Technologies -- completed by Boeing

ST. LOUIS, 11 Dec. 2010. Boeing [NYSE: BA] announced that it has completed its acquisition of CDM Technologies, a software engineering company that specializes in real-time transportation and logistics planning systems for the U.S. military. The transaction was effected through Boeing's Tapestry Solutions subsidiary in San Diego.

Posted by John McHale

ST. LOUIS, 11 Dec. 2010. Boeing [NYSE: BA] announced that it has completed its acquisition of CDM Technologies, a software engineering company that specializes in real-time transportation and logistics planning systems for the U.S. military. The transaction was effected through Boeing's Tapestry Solutions subsidiary in San Diego.

CDM Technologies, headquartered in San Luis Obispo, Calif., will be fully integrated into Tapestry Solutions. The terms of the transaction are not being disclosed. The acquisition supports Boeing's growth strategy for logistics command and control.

Tapestry Solutions is a wholly owned subsidiary of Boeing and forms the core of the Logistics Command and Control (LogC2) subdivision of Defense & Government Services, an operating division of Boeing Defense, Space & Security's Global Services & Support business unit.

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