Boeing Completes Acquisition of CDM Technologies
ST. LOUIS, MO December 7, 2010 -- Boeing [NYSE:
BA] today announced that it has completed its acquisition of CDM
Technologies, a software engineering company that specializes in
real-time transportation and logistics planning systems for the
U.S. military. The transaction, announced Nov. 16, was effected
through Boeing's Tapestry Solutions subsidiary.
CDM Technologies, headquartered in San Luis Obispo, Calif., will
be fully integrated into Tapestry Solutions. The terms of the
transaction are not being disclosed.
The acquisition supports Boeing's growth strategy for logistics
command and control.
Tapestry Solutions of San Diego is a wholly owned subsidiary of
Boeing and forms the core of the Logistics Command and Control
(LogC2) subdivision of Defense & Government Services, an
operating division of Boeing Defense, Space & Security's Global
Services & Support business unit.
A unit of The Boeing Company, Boeing Defense, Space &
Security is one of the world's largest defense, space and security
businesses specializing in innovative and capabilities-driven
customer solutions, and the world's largest and most versatile
manufacturer of military aircraft. Headquartered in St. Louis,
Boeing Defense, Space & Security is a $34 billion business with
68,000 employees worldwide. Follow us on Twitter:
@BoeingDefense.
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Forward-Looking Information Is Subject to Risk and
Uncertainty
Certain statements in this release may be "forward-looking"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Words such as "may," "will," "should," "expects," "plans,"
"intends," "projects," "believes," "estimates," "targets,"
"anticipates," and similar expressions are used to identify these
forward-looking statements. Examples of forward-looking statements
regarding the acquisition of CDM Technologies include, but are not
limited to, statements regarding future business prospects, our
guidance relating to 2010 and 2011 financial and operating
performance, product development and benefits and synergies of the
transaction, as well as any other statement that does not directly
relate to any historical or current fact. Forward-looking
statements are based upon assumptions about future events that may
not prove to be accurate. These statements are not guarantees of
future performance and involve risks, uncertainties and assumptions
that are difficult to predict. Actual outcomes and results may
differ materially from what is expressed or forecasted in these
forward-looking statements. As a result, these statements speak to
events only as of the date they are made and we undertake no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by federal securities laws. Specific factors
that could cause actual results to differ materially from
forward-looking statements include, but are not limited to, the
effect of economic conditions in the United States and globally,
our ability to successfully integrate CDM Technologies' business
and realize anticipated synergies, and other important factors
disclosed previously and from time to time in our filings with the
Securities and Exchange Commission.
Contact:
David Sidman
Boeing Communications
314-406-1818
david.sidman@boeing.com
Dorothy Land
Tapestry Solutions Communications
858-427-2945
dland@tapestrysolutions.com
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