- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
-
- IPO Date
- Dec 3, 2014
- Business
- KLX Inc. is a leading global provider of aerospace fasteners, consumables, and logistics services to commercial, military, and business aviation markets. The company manufactures and distributes a wide range of aerospace fasteners and other consumables, and offers inventory management and supply chain solutions. Its products cater to original equipment manufacturers (OEMs), commercial airlines, fixed base operators (FBOs), and maintenance, repair, and overhaul (MRO) providers. KLX operates globally with a significant presence in North America and maintains a network of facilities to serve its diverse customer base.
The company also has a significant segment in energy services, previously operated under KLX Energy Services, which provides technical services and rental equipment primarily for oil and natural gas production and exploration companies. This segment offers products such as advanced cementing technologies, well construction products, pressure control rental equipment, coiled tubing, downhole tools, frac plug solutions, and wireline services, with a focus on major North American basins.
In recent major developments, KLX Inc. announced a strategic acquisition by Boeing, valued at $4.25 billion, which includes its Aerospace Solutions Group. This deal aims to integrate KLX into Boeing Global Services, specifically partnering with Aviall to enhance Boeing’s parts distribution and supply chain offerings in aerospace and defense. This acquisition is expected to expand Boeing’s service portfolio and provide a comprehensive range of fasteners, consumables, and chemical composites to customers worldwide. Additionally, KLX Energy Services recently completed a significant refinancing operation with senior secured notes and a new credit facility, ensuring liquidity and strategic flexibility for growth through potential mergers and acquisitions.
Founded in 1978 and headquartered in Miami, Florida, KLX Inc. operates through distinct business segments focused on aerospace fasteners and consumables, logistics services, and energy services, with a commitment to supporting customers in aerospace, defense, and energy sectors through comprehensive product offerings and technical expertise. The company continues to evolve through strategic partnerships, financial strengthening, and the expansion of its product and service capabilities.