Boeing Completes Acquisition of Federated Software Group
Boeing Completes Acquisition
of Federated Software Group
ST. LOUIS, MO Dec. 08, 2008 --The Boeing
Company [NYSE: BA] has completed its acquisition of Federated
Software Group, a St. Louis-based company whose engineering
services and software systems help track and distribute equipment
and personnel for the U.S. Department of Defense.
Federated Software Group will operate within Boeing Integrated
Defense Systems' Global Services & Support division. The
acquisition, announced Oct. 16, 2008, is part of Boeing's strategy
to increase its presence in the military supply-chain and logistics
command-and-control markets. Terms of the transaction were not
disclosed.
A unit of The Boeing Company, Boeing Integrated
Defense Systems is one of the world's largest space and
defense 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 Integrated Defense Systems is a $32.1 billion
business with 71,000 employees worldwide.
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