Boeing to Sell Digital Aviation Solutions for $10.55 Billion

ARLINGTON, Va., April 22, 2025 / — Boeing [NYSE: BA] has announced a definitive agreement to sell its Digital Aviation Solutions business to Thoma Bravo, a software investment firm, in a transaction valued at $10.55 billion. The deal includes Boeing’s assets such as Jeppesen, ForeFlight, AerData, and OzRunways, with the aim of strengthening Boeing’s capital structure and refocusing on its core business operations.

Boeing’s president and CEO, Kelly Ortberg, stated, “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.” Ortberg emphasized that this move enables the digital portfolio to concentrate on its strengths, allowing Boeing to deliver continued support for its commercial and defense customers.

Chris Raymond, president and CEO of Boeing Global Services, echoed Ortberg’s statement, saying, “Our commitment to meeting our customers’ needs is unwavering as we move forward with our core products and services to support their fleets.” The agreement is seen as a strategic step that allows Boeing to maintain key digital capabilities to provide fleet maintenance, diagnostics, and repair services.

Holden Spaht, Managing Partner at Thoma Bravo, expressed enthusiasm about the acquisition, stating, “We are proud to be investing in such an important technology platform in the broader aerospace and defense industry.” Spaht highlighted Jeppesen’s long history in technological innovation and expressed excitement about building on that foundation.

Scott Crabill, another Managing Partner at Thoma Bravo, noted the successful growth transformation of the business in recent years, declaring, “The business has been through an impressive growth transformation in recent years and has strong momentum.” Crabill conveyed confidence in Thoma Bravo’s capabilities, mentioning the firm’s successful track record in collaborating with technology companies to foster growth.

The transaction involves approximately 3,900 employees globally within Boeing’s Digital Aviation Solutions organization. Boeing is collaborating with Thoma Bravo to ensure a seamless transition for employees while maintaining customer obligations. The deal is expected to close by the end of 2025, pending regulatory approval and customary closing conditions.

Citi is serving as the exclusive financial advisor to Boeing, with Mayer Brown LLP acting as outside counsel, while Kirkland & Ellis LLP represents Thoma Bravo.

Boeing is a major player in the global aerospace sector, engaged in developing and manufacturing commercial airplanes, defense products, and space systems for customers worldwide. Thoma Bravo is recognized as one of the largest software-focused investors globally, holding over $179 billion in assets under management as of December 31, 2024.