Boeing Completes Acquisition of Federated Software Group
ST. LOUIS -- 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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