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February 7, 1999

BOEING CO LOOKS TO SELL OFF ITS IT SERVICES UNIT

By CBR Staff Writer

The Beoing Co is looking to sell off its data processing and computer information services unit, according to Bloomberg reports. The Boeing unit, based in Vienna, Virginia, employs 1,200 people and has revenues of around $300m, mostly from the US government, the report said. It manages the networks and software at sites that include NASA’s Kennedy Space Center. Boeing, which is struggling to make its core commercial airplane business pay, wants to offload information services, and may get $150m from the sale. Candidates to buy the company include Computer Sciences Corp, DynaCorp, TTW and General Dynamics Corp, though Bloomberg suggests that other aerospace companies with their own IT services units, such as Lockheed Martin Corp and Northrop Grumman, might also be interested. á

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