M&A Deal Summary

Boeing Acquires Hughes - Space and Communications Business

On January 13, 2000, Boeing acquired electronics company Hughes - Space and Communications Business for 3.8B USD

Acquisition Highlights
  • This is Boeing’s 1st transaction in the Electronics sector.
  • This is Boeing’s 3rd largest (disclosed) transaction.
  • This is Boeing’s 3rd transaction in the United States.
  • This is Boeing’s 1st transaction in California.

M&A Deal Summary
Date 2000-01-13
Target Hughes - Space and Communications Business
Sector Electronics
Buyer(s) Boeing
Deal Type Divestiture
Deal Value 3.8B USD

Target

Hughes - Space and Communications Business

Los Angeles, California, United States
Hughes Corp. - Space and Communications Business also includes Hughes Electron Dynamics, a leading supplier of electronic components for satellites, and Spectrolab, a premier provider of solar cells and panels for satellites.

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Buyer(S) 1

Buyer

Boeing

Arlington, Virginia, United States

website

Category Company
Founded 1916
Sector Aerospace
Employees156,000
Revenue 66.6B USD (2022)
DESCRIPTION
Boeing's corporate headquarters in downtown Chicago, Illinois.
Boeing's corporate headquarters in downtown Chicago, Illinois.

Boeing is a global aerospace company that operates in five principal segments. These segments include Commercial Airplanes; Boeing Defense, Space & Security (BDS) which comprises of Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S); and Boeing Capital Corporation (BCC). The Company's other business includes the activities of Engineering, Operations & Technology (EO&T) and Shared Services Group (SSG). EO&T provides Boeing with technical and functional capabilities, including information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management. Boeing was founded in 1916 and is based in Arlington, Virginia.

DEAL STATS #
Overall 3 of 32
Sector (Electronics) 1 of 1
Type (Divestiture) 2 of 5
State (California) 1 of 10
Country (United States) 3 of 28
Year (2000) 1 of 3
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-25 The Boeing Co - Commercial Helicopter Business

United States

The Boeing Co - Commercial Helicopter Business comprises Boeing MD 500 and MD 600 series product lines, assuming responsibility for the manufacture, marketing and service/support of these single engine, turbine-powered light helicopters. The MD 500 and MD 600 helicopters utilize technology that eliminates the tail rotor, resulting in a quieter aircraft.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-15 Jeppesen

Englewood, Colorado, United States

Jeppesen provides a full range of print and electronic flight information services, including navigation data, computerized flight planning, aviation software products, aviation weather services, maintenance information, and pilot training systems and supplies. Jeppesen counts among its customer base the majority of airlines around the world and all US airlines. It also serves the large general aviation and business aviation markets.

Buy $1.5B
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