Boeing agreed to buy Rockwell International's defense and aerospace operations for about $3 billion in what it hopes will be a tax-free deal closing in November. Rockwell will spin off the businesses and their 21,000-strong workforce into a new company, which Boeing will then acquire and rename Boeing North American Inc., operating as a wholly owned subsidiary that reports to Boeing Defense & Space Group President Jerry King. Boeing will pay for the deal by issuing stock and ...

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