Business Context and Reporting Period
This Form 8-K Current Report was filed by The Boeing Company on September 20, 2006. The filing announces the completion of a significant corporate transaction involving the acquisition of Aviall Inc., a provider of aviation parts and services.
Key Financial Metrics and Transaction Details
The acquisition of Aviall Inc. was finalized on September 20, 2006, with the following financial terms:
- Purchase Price: $48 per share, totaling $1.7 billion in equity value.
- Debt Assumption: Boeing assumed net debt of $448 million (debt less cash on Aviall's balance sheet).
- Organizational Structure: Aviall will operate as a wholly owned subsidiary reporting to Boeing Commercial Aviation Services.
The filing does not provide specific revenue, profit, cash flow, or margin figures for Boeing or Aviall for the current or prior periods.
Material Changes
The primary material change reported is the consolidation of Aviall Inc. into The Boeing Company. This transaction expands Boeing's commercial aviation services portfolio. No other material changes to financial position or operations are detailed in this specific filing.
Guidance, Outlook, and Risks
This filing focuses on the completion of the merger and does not contain updated financial guidance, forward-looking outlook statements, or specific risk factors beyond the standard implications of a major acquisition. The transaction was executed pursuant to an agreement and plan of merger dated April 30, 2006.
Key Facts for Investor Verification
- Verify the integration timeline and strategic fit of Aviall within Boeing Commercial Aviation Services.
- Confirm the impact of the $448 million debt assumption on Boeing's overall leverage ratios.
- Review the attached press release (Exhibit 99.1) for additional details on Aviall's historical performance and future projections.
- Monitor subsequent filings for the first full quarter of consolidated financial results including Aviall.