Boeing To Sell JNPR Aero And Related Global Aviation Data And Software Assets To Project Maroon For $10.55B In Major Strategic Divestiture

Boeing Company +1.83%

Boeing Company

BA

204.38

+1.83%

On April 22, 2025, The Boeing Company (the "Company") entered into a Membership Interest Purchase Agreement (the "Agreement") among the Company, JNPR Aero, LLC ("JNPR Aero") and Project Maroon, LLC ("Buyer" and, together with the Company and JNPR Aero, the "Parties"), whereby the Company agreed to sell all of its interests in JNPR Aero, together with all of its interests in certain of its affiliates that operate, or that, following the Pre-Closing Reorganization (as defined in the Agreement) will operate, certain global aviation data and software products, to Buyer for a purchase price of $10.55 billion (subject to customary purchase price adjustments).

Under the Agreement, each of the Parties made customary representations, warranties and covenants, and following the Closing (as defined in the Agreement), Buyer and the Company have agreed to provide one another with customary indemnities with respect to certain assets and liabilities allocated between their respective post-transaction businesses pursuant to the Pre-Closing Reorganization and the consummation of the transactions contemplated by the Agreement.

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