BOEING: Boeing to sell its contract labor subsidiary.

0 Comments | M2 Presswire, February, 1999

M2 PRESSWIRE-25 February 1999-BOEING: Boeing to sell its contract labor subsidiary (C)1994-99 M2 COMMUNICATIONS LTD RDATE:250299 ST. LOUIS -- The Boeing Company has signed a Letter of Intent to sell its McDonnell Douglas Technical Services (MDTSC) subsidiary to the MDTSC management team and CIVC Partners, an affiliate of Bank of America.

MDTSC, a wholly-owned subsidiary formed in 1989, provides professional contract engineering, technical and information technology services to companies throughout the United States, including Boeing. The MDTSC management team is led by MDTSC President Ellen Roy, Mark Masterson and Dennis Bashuk. The sale, which is part of the Boeing effort to concentrate on its core businesses, is expected to be completed by the end of...