(PressMediaWire) ST. LOUIS, Nov. 06, 2008 -- The
Boeing Company [NYSE: BA] has completed its acquisition of Tapestry
Solutions, a San Diego-based company specializing in services and
software systems that improve the tracking and distribution of
equipment, spare parts and personnel for the U.S. Department of Defense
and other government and non-government agencies.
Tapestry will operate within Boeing Integrated Defense Systems' Global Services & Support unit.
The
acquisition, announced on Sept. 26, 2008, is part of Boeing's strategy
to expand in the supply chain and logistics command and control
markets. Terms of the cash transaction are not being disclosed.
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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.
