LISTEN: Boeing Starts Selling Off Pieces

Boeing hasn't made an annual profit since 2018 and has lost some $25 billion in the process. Last week, Boeing announced intentions to raise up to $25 billion in new stock and debt to rein in its balance sheet. The company plans to raise the cash over the next three years but isn't wasting any time. According to Reuters, the plane maker has wrapped up a deal to sell Digital Receiver Technology, the company's small defense subsidiary in Maryland that makes surveillance equipment for the U.S. military. According to the company's website, DRT designs and manufactures complex Software Defined Radio (SDR) systems used by the intelligence, defense and homeland security communities to gather, analyze and share signals intelligence.