Acquisitions

12 Months Ended

Dec. 31, 2011

Acquisitions [Abstract]

Acquisitions

Note 2 – Acquisitions

Argon ST, Inc.

On August 5, 2010, we acquired Argon ST, Inc. (Argon) for $782, net of cash acquired. Argon develops command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) and, combat systems. The acquisition was part of our strategy to expand our 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 N&SS, Global Services & Support (GS&S) and Boeing Military Aircraft (BMA) segments.

The final allocation of the purchase price is as follows:

Accounts receivable	$	66
Inventory		47
Property, plant and equipment		32
Goodwill		549
Finite-lived intangible assets(1)		216
Other assets		1
Accounts payable		(14	)
Accrued liabilities		(69	)
Advances and billings in excess of related costs		(8	)
Deferred income taxes		(38	)
Total net assets acquired		782

⁽¹⁾  Finite-lived intangible assets have a weighted average amortization period of 13 years and include $133 of Developed technology and $69 of Customer base.

Vought Aircraft Industries Inc.

On July 30, 2009, we acquired the business, assets and operations of Vought Aircraft Industries, Inc.'s (Vought) 787 business conducted at North Charleston, South Carolina. In connection with the acquisition, we paid cash consideration of $590 and released Vought from its obligation to repay amounts of $416 previously advanced by us. Vought's 787 business produces aft fuselage sections, including the fabrication, assembly and systems installation, for the 787 program. The acquisition of Vought strengthens our 787 program and bolsters our capability to develop and produce large composite structures. The results of operations from the acquisition date are included in our Commercial Airplanes segment.

The final allocation of the purchase price is as follows:

Inventory	$	241
Property, plant and equipment		170
Goodwill		606
Finite-lived intangible assets(1)		49
Accounts payable		(24	)
Accrued liabilities		(31	)
Other long-term liabilities		(5	)
Total net assets acquired	$	1,006

⁽¹⁾  The weighted average amortization period for finite-lived intangible assets is 17 years.