'Boeing Explores Defense Asset Sales To Boost Balance Sheet' - Bloomberg Law
Portfolio Pulse from Benzinga Newsdesk
Boeing Co. is considering selling at least two of its defense businesses to improve its balance sheet amid ongoing crises. Financial advisers have been seeking potential buyers for several smaller units for about a year, a process that began before the Jan. 5 accident which has increased scrutiny on the company.
March 19, 2024 | 2:52 pm
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Boeing is exploring the sale of defense assets to enhance its financial position, with advisers actively seeking potential buyers for some of its smaller units.
Selling defense assets could provide Boeing with much-needed liquidity and potentially improve its balance sheet, which is crucial during its current crisis. This move could be viewed positively by investors as a proactive step towards financial stability. However, the impact on the stock price will depend on the market's perception of the sale's effectiveness in addressing Boeing's financial challenges.
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