Boeing to Sell Certain Digital Aviation Solutions Assets to Thoma Bravo in $10.55 Billion DealUpdate

By Adriano Marchese

Boeing has agreed to sell portions of its Digital Aviation Solutions business to Thoma Bravo in an all-cash deal worth $10.55 billion as it looks to double down on its core business.

The Arlington, Va., aerospace giant said Tuesday that the definitive agreement includes several assets that provide digital tools and services for aviation operations, such as Jeppesen, a provider of navigation charts and flight planning for pilots and airlines, and ForeFlight, another flight-planning and navigation app that helps with route optimization, weather tracking and flight management.

As part of the agreement, Boeing will keep its core digital capabilities that use aircraft and fleet-specific data to provide fleet maintenance, diagnostics and repair services to its commercial and defense customers.

Other assets in the sale include AerData, which specializes in aircraft leasing, maintenance and asset-management digital solutions, and OzRunways, Boeing's Australia-based provider that helps pilots with planning, briefing, flight plans and navigation.

The Digital Aviation Solutions segment employs about 3,900 employees across its global operations, a figure that includes those employed in the business that will remain within Boeing and those included in the sale, Boeing said.

"This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment grade credit rating," Boeing Chief Executive Officer Kelly Ortberg said.

The transaction is expected to close by the end of this year.

Write to Adriano Marchese at adriano.marchese@wsj.com