News Column

Boeing Acquires Government Software Development and Services Firm Ventura Solutions

June 27, 2014



ST. LOUIS -- Boeing [NYSE: BA] has acquired Ventura Solutions Inc., a hardware and software engineering company that provides custom solutions for government customers.

The latest in a series of acquisitions that enhance Boeing's information and security capabilities, Ventura Solutions is now part of Boeing Network & Space Systems.

Ventura Solutions is based in Annapolis Junction, Maryland, and has approximately 140 employees.

Terms of the purchase are not being disclosed.

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 $33 billion business with 56,000 employees worldwide. Follow us on Twitter: @BoeingDefense .

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, including statements regarding future business prospects 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 on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and we undertake no obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, our ability to successfully integrate Ventura Solutions Inc.'s 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 Defense, Space & Security

Office: 314-232-1980

Mobile: 314-409-6725

david.sidman@boeing.com

Becky Yeamans

Electronic and Information Solutions

Office: 703-872-4866

Mobile: 703-303-2449

rebecca.c.yeamans@boeing.com

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Source: M2 PressWIRE


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