Boeing reached a deal with British Airways to provide parts for some of its plane's made by rival manufacturer Airbus, part of Boeing's push to grow its services business.
The company calls the deal "the first of its kind" for Boeing.Nicolas Economou | NurPhoto | Getty Imageson Monday said it struck a "first of its kind" deal to boost its revenue beyond manufacturing airplanes: supplying parts for aircraft made by its main rival, Airbus.
The Chicago-based maker of the 737 said it will provide parts for British Airways' Airbus A320s and its A320neo narrowbody jets. Boeing two years ago separated out its aircraft services business, which CEO Dennis Muilenburg said could grow to a $50 billion-a-year business. The unit generated more than $17 billion of Boeing's record $101 billion in sales last year.
Boeing has been trying to increase its control in the aircraft-part supply chain, efforts that have included joint ventures or outright acquisitions. The effort included deals with companies that make airplane engines,
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