Boeing eyes services M&A, small or big, in tussle with Airbus

Boeing Co is looking for future deals “small or big” now that it has absorbed parts distributor KLX Inc, an executive told Reuters, as the world's largest planemaker tries to beat out rival Airbus in the highly profitable market for aircraft parts and services.

Boeing last month closed the KLX acquisition for $4.25 billion, including about $1 billion of net debt, its largest deal since merging with McDonnell Douglas in 1997.

Now it expects further purchases to help it triple the revenue of its year-old Global Services division to $50 billion in a decade, the unit's chief executive Stan Deal told Reuters in an interview.

“When we come up with selective, complementary investments, whether it's small or big, we will make it,” Deal said.