大幅减亏 在经历了2024年的灾难性事故和瘫痪性罢工后，波音似乎找到了重新振作的动力。当地时间周二公布的 财报显示，波音公司二季度营收为227.5亿美元，去年同期为168.66亿美元，同比增长35%；二季度净亏 损6.12亿美元，相比上年同期14.39亿美元的亏损大幅收窄。同时，波音在3个月内仅消耗了2亿美元现 金，远低于分析师预期的18亿美元。 公司亏损主要源于与美国司法部达成的协议影响。该协议涉及737 Max飞机两起致命空难事件，波音为 此支付了4.45亿美元费用。商用飞机部门收入同比增长81%，达到108.7亿美元。营业利润率降 至-5.1%，较去年同期有所好转。国防和航天部门收入增长10%至66亿美元，服务业务收入增长8%至53 亿美元。 订单方面，上半年，波音的订单数量一路飙升至625架。截至报告期末，波音积压未交付订单增至6190 亿美元，其中包括价值5220亿美元的超5900架商用飞机订单。第二季度新增455份商用飞机订单，包括 为卡塔尔航空提供的120架787和30架777-9飞机，以及为英国航空提供的32架787-10飞机。 目前，波音已将737 Max的月产量提高至38架，这是美国联邦航 ...

Group 1 - The core viewpoint of the article highlights a significant rebound in M&A activity in the aerospace, defense, and government services sectors, driven by large transactions and strategic buyers, while financial sponsors are retreating due to tightening credit conditions [1][2] - Global M&A transaction volume increased by 13% in Q2 compared to the previous quarter, primarily due to a 180% rise in large transactions valued over $1 billion, while medium-sized transactions (under $100 million) also grew by 18% [2] - Strategic acquirers, particularly public companies, regained dominance in the market, with U.S. acquisitions of public companies increasing by 75% and global acquisitions rising by 64% [2] Group 2 - The aerospace and defense sectors led the growth in global M&A activity, with transaction values increasing by 24% and 55% respectively [2] - Aerospace transactions in the U.S. grew by 27% year-over-year, while defense transactions increased by 37% [2] - The aerospace components sub-sector remained the most active, with maintenance, repair, and overhaul services following closely, showing a 50% revenue growth [3] Group 3 - Notable transactions in Q2 included Boeing's divestiture of its digital aviation solutions business valued at $10.55 billion and Motorola Solutions' proposed acquisition of Silvus Technologies for $4.4 billion [4] - In the government technology sector, significant transactions included HIG Capital's acquisition of Converge Technology Solutions for $910 million and Leidos' acquisition of Kudu Dynamics for $300 million [6] Group 4 - The public valuation of the industry remains strong, with government service companies like Booz Allen and Leidos having an enterprise value to EBITDA multiple of 11.0 times, while diversified engineering companies hover around 13.8 times [8] - Aerospace original equipment manufacturers have particularly high valuations, with expected P/E ratios exceeding 20 times for companies like Safran, Rolls-Royce, and GE Aerospace, reflecting investor confidence in long-term aerospace demand [8] Group 5 - Strategic investors, especially well-capitalized public companies, are expected to continue leading the transaction process in the second half of 2025, with aerospace and defense assets, particularly those related to modernization, maintenance, and national security technology, remaining hot targets [8]

Boeing Co. BA is flying into earnings Wednesday morning before market hours, with turbulence already rocking the fuselage. Shares are down nearly 7% year to date, with a brutal 11% drop in the past month alone. Wall Street’s forecast for a $1.25 per-share loss in the first quarter isn't offering much hope.But a sudden tailwind Tuesday could help level out some of the descent.The stock got a boost after Boeing announced a $10.55 billion all-cash deal to sell chunks of its Digital Aviation Solutions biz to pr ...

Core Transaction Details - Boeing has entered into a definitive agreement to sell parts of its Digital Aviation Solutions business, including Jeppesen, ForeFlight, AerData, and OzRunways, to Thoma Bravo for $10.55 billion in cash [1] - The transaction is expected to close by the end of 2025, pending regulatory approval and customary closing conditions [5] Strategic Focus - Boeing will retain core digital capabilities that utilize aircraft and fleet-specific data for maintenance, diagnostics, and repair services, ensuring continued predictive maintenance insights for customers [2] - The transaction aligns with Boeing's strategy to focus on core businesses, enhance the balance sheet, and prioritize maintaining an investment-grade credit rating [3] Management Insights - Boeing's leadership emphasizes the importance of this transaction in allowing different parts of the digital portfolio to concentrate on their strengths while continuing to meet customer needs [4] - Thoma Bravo expresses confidence in the growth potential of the acquired assets, highlighting the historical significance of Jeppesen in technological innovation within the aerospace and defense industry [4] Employee Transition - Approximately 3,900 employees are involved in Boeing's Digital Aviation Solutions organization, with efforts being made to ensure a smooth transition for employees during the sale [4] Company Backgrounds - Boeing is a leading global aerospace company and a top U.S. exporter, involved in the development, manufacturing, and servicing of commercial airplanes, defense products, and space systems [6] - Thoma Bravo is one of the largest software-focused investors globally, managing over $179 billion in assets and having a strong track record in backing technology companies [7]