Boeing Co seized on a lull in firm orders for passenger jets to sign more than $...
LE BOURGET - Boeing Co seized on a lull in firm orders for passenger jets to sign more than $100 million in contracts for digital services for its newer but fast-growing global unit as the Paris Airshow enters a third day on Wednesday.
The deals reflect a two-year-old push by the world’s largest planemaker into the higher-margin services business that includes aircraft parts and maintenance and analytics which Deal aims to grow to $50 billion in revenue in a decade from its 2018 revenue of around $17 billion. The deals follow Monday’s announcement that Boeing will manage and maintain a global exchange inventory of parts for Airbus’ A320 and A320neo single-aisle aircraft for British Airways, the first such agreement by the U.S. planemaker to support rival Airbus aircraft.
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