Boeing says it’s buying a Canadian-based aerospace company for $37.7 million.
The company, which is part of the Boeing Co. family, will be able to build its aircraft from 2019 to 2021, and the purchase comes as the aerospace industry faces a growing concern about the potential for carbon emissions from new aircraft.
Boeing said it was buying Boeing Commercial Airplanes (BCA) Inc. to “support our global expansion plan” and expand its existing fleet.
It said BCA is “currently the only Canadian company that is capable of delivering aircraft in the full range of commercial aviation markets.”
Boeard’s acquisition of BCA comes just two months after a U.S. Senate panel approved a $3.7 trillion bill to fund the government’s major highway projects, including the Keystone XL pipeline.
The House is expected to approve the package next week.
Read or Share this story: http://usat.ly/1j4XfZU