Boeing expects global services to account for $50 billion per year over a five- to 10-year span, according to Chief Executive Officer Dennis Muilenburg. While UBS questions this estimate, the bank does believe that the services business could account for $35 billion to $40 billion by the mid-2020s.
Muilenburg has plans to expand Boeing’s services business with investments in units it already operate as well as acquisitions made outside the company.
“Where it makes sense, we’ll compliment [organic investments]with inorganic investments,” said Muilenburg. “We clearly see acquisitions as a bolt-on compliment to what is primarily an organic investment strategy.”
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