Boeing Acquires Peters Software GmbH; Terms Not Disclosed

Boeing 

today announced it has acquired Peters Software GmbH ("Peters Software"), a market leading provider of European Aviation Safety Agency (EASA) based training content for early stage ("ab-initio") pilot training. Located in Cologne, Germany, Peters Software specializes in curriculum and materials for commercial and private pilots operating in rapidly growing markets aligned with EASA. "The high-quality software that Peters Software develops enhances Boeing's customized pilot training content to meet specific needs of our customers," said Stan Deal, senior vice president, Commercial Aviation Services, Boeing Commercial Airplanes. "This acquisition allows Boeing Flight Services to offer training materials consistent with the standards set by the European Aviation Safety Agency, one of the world's leading aviation regulatory authorities." According to Boeing's Pilot and Technician Outlook, airlines will need 558,000 new pilots over the next 20 years to support the growth in the global fleet. This acquisition helps Boeing meet the growing global demand for qualified aviation personnel. Terms of the agreement are not being disclosed. Peters Software and its team of approximately 20 full time employees joined Boeing upon contractual signing. "We value the expertise of the team in Cologne and