Company: BA
Filing Date: 2025-04-24
Form Type: 8-K
Source: 0001193125-25-093515
Chunk: 0

Company: BOEING CO
Filing Date: 2025-04-24
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01      Entry into a Material Definitive Agreement.  

On April 22, 2025, The Boeing Company (the “ Company”) entered into a Membership Interest Purchase Agreement (the “ Agreement”) among the Company, JNPR Aero, LLC (“ JNPR Aero”) and Project Maroon, LLC (“ Buyer” and, together with the Company and JNPR Aero, the “ Parties”), whereby the Company agreed to sell all of its interests in JNPR Aero, together with all of its interests in certain of its affiliates that operate, or that, following the Pre-ClosingReorganization (as defined in the Agreement) will operate, certain global aviation data and software products, to Buyer for a purchase price of $10.55 billion (subject to customary purchase price adjustments).

Under the Agreement, each of the Parties made customary representations, warranties and covenants, and following the Closing (as defined in the Agreement), Buyer and the Company have agreed to provide one another with customary indemnities with respect to certain assets and liabilities allocated between their respective post-transaction businesses pursuant to the Pre-ClosingReorganization and the consummation of the transactions contemplated by the Agreement.

The Agreement contains customary conditions to Closing, including: (i) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended and the receipt of certain other required regulatory approvals; (ii) the absence of governmental orders prohibiting the Closing; (iii) the consummation of the Pre-ClosingReorganization in all material respects by no later than the Termination Date (as defined below); (iv) that the Parties have performed and complied in all material respects with all of the covenants and agreements contained in the Agreement to be performed and complied with by them at or prior to the Closing; (v) that no Material Adverse Effect (as defined in the Agreement) has occurred and is continuing as of the Closing; and (vi) that the representations and warranties of the Parties are true and correct, subject to certain materiality standards, as of the Closing.

The Agreement may be terminated by either the Company or Buyer prior to Closing under certain circumstances, including if certain closing conditions in the Agreement have not been satisfied or waived by January 17, 2026 (the “ Termination Date”), provided that either the Company or Buyer may extend the Termination Date (i) by up to an additional 90 days in certain circumstances where the required