Boeing announced on Tuesday the sale of part of the companies that make up the Digital Aviation Solutions division to the technology investment firm Thomas Bravo.

The deal, which involves Jeppesen, ForeFlight, AerData and OzRunways, is valued at US$ 10.55 billion and the payment will be made in cash. Boeing will maintain part of the capabilities of the digital businesses related to the development of commercial and military aircraft, such as maintenance services.

Boeing CEO Kelly Ortberg said that the transaction “is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment grade credit rating.”

The cash boost is welcome at a time of crisis for Boeing, with the 777X program suffering delays and the 737 MAX and 787 facing issues with suppliers.

In addition, the company has been penalized by the tariff war promoted by the United States, with China requesting that its airlines not receive aircraft from the US manufacturer.

Digital Aviation Solutions has approximately 3,900 employees worldwide. The transaction is expected to close by the end of 2025, subject to regulatory approvals.