Significant acquisitions made by Boeing in the years 2009 to 2012 are discussed in the following.
On August 5, 2010, Boeing acquired Argon ST, Inc. for $782M, net of cash acquired (goodwill = $549M). Argon develops command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) and, combat systems. The acquisition was part of Boeing's strategy to expand its capabilities to address the C4ISR, cyber and intelligence markets. Argon's results of operations from the acquisition date are included in the Network & Space Systems (N&SS) segment. Goodwill has been recorded in the N&SS, Global Services & Support (GS&S) and Boeing Military Aircraft (BMA) segments.
On July 30, 2009, Boeing acquired the business, assets and operations of Vought Aircraft Industries' 787 business conducted at North Charleston, South Carolina. In connection with the acquisition, Boeing paid cash consideration of $590M and released Vought from its obligation to repay amounts of $416M previously advanced by Boeing. The deal includes goodwill in the amount of $606M. Vought's 787 business produces aft fuselage sections, including the fabrication, assembly and systems installation, for the 787 program. The acquisition of Vought strengthens Boeing's 787 program and bolsters its capability to develop and produce large composite structures. The results of operations from the acquisition date are included in Boeing's Commercial Airplanes segment.