Boeing is considering asset divestitures to strengthen its precarious financial situation by eliminating non-essential or underperforming divisions, as reported by the Wall Street Journal on Sunday.

According to the report, the aerospace manufacturer recently finalized a deal to sell a small defense division that produces surveillance technology for the U.S. military, citing sources familiar with the transaction.

This year has been tumultuous for Boeing, particularly following an incident on January 5 when a door panel detached from a 737 MAX during flight. Since that event, the company has seen its CEO resign, production rates decrease amid regulatory scrutiny of its safety practices, and a strike involving 33,000 union workers in September.

The Journal noted that during recent financial performance discussions, new CEO Kelly Ortberg requested that the leaders of various divisions present the value of their respective units to the organization.

Boeing's board convened recently to deliberate on the company's future direction, during which directors interrogated division leaders and reviewed reports to assess the condition of each segment.

Boeing has chosen not to comment on the report.

Machinists currently on strike at the company are scheduled to vote on Wednesday regarding a new contract proposal that offers a 35% salary increase over four years.

The ongoing work stoppage has disrupted the production of Boeing's top-selling 737 MAX, as well as its 767 and 777 widebody aircraft, further straining its already fragile financial health.

Earlier this month, Boeing announced plans to reduce its workforce by 17,000 positions, representing 10% of its global staff, and to incur $5 billion in charges.