Boeing Agrees to Buy Spirit Aero for $4.7B in Stock Deal
Boeing acquires Spirit AeroSystems for $4.7 billion, ending a two-decade separation to address manufacturing issues. Airbus takes over specific Spirit components for $1, signaling strategic aerospace industry developments.
Read original article
Boeing has agreed to acquire Spirit AeroSystems Holdings Inc. for $4.7 billion in an all-stock deal, valuing the supplier at $37.25 per share. This move marks the end of a two-decade separation between the companies as Boeing aims to address its manufacturing issues. The total transaction value, including Spirit's net debt, amounts to approximately $8.3 billion. In a related agreement, Airbus SE will take over certain parts of Spirit responsible for producing components for its aircraft. Airbus will pay a symbolic $1 for these assets and receive $559 million in compensation. This acquisition and asset transfer signify significant developments in the aerospace industry, with Boeing and Airbus making strategic moves to strengthen their positions in the market.
Related
SpaceX Tender Offer Said to Value Company at Record $210B
SpaceX plans to sell insider shares at $112 each, valuing the company at $210 billion, surpassing previous valuations. This move highlights strong investor interest in Elon Musk's space venture, positioning SpaceX as the second-highest valued private company.
New Whistleblower Files FAA and OSHA Complaints Against Boeing and Spirit
A whistleblower with 40 years of airline industry experience filed complaints against Boeing and Spirit Aerosystems for substandard manufacturing on the 787 forward bulkhead, risking safety. Boeing is investigating. Attorneys stress safety concerns.
Whistleblower warned Boeing of flaws in 787 planes
A whistleblower raised safety concerns about Boeing's 787 Dreamliner due to improperly drilled holes. Boeing denies safety issues but faces scrutiny from the FAA and ongoing investigations, emphasizing the need to restore public trust.
US accused of offering Boeing 'sweetheart deal' over fatal crashes
The US Department of Justice plans to charge Boeing with fraud over the Lion Air and Ethiopian Airlines crashes, proposing a plea deal that angers victims' families for lacking accountability.
Boeing Agrees to Buy Spirit AeroSystems, a Longtime Supplier
Boeing acquires Spirit AeroSystems for $4.7 billion in stock, aiming to address quality issues and gain control over production. The deal includes debt, marking a strategic shift for Boeing.
3 commentsI guess crime pays. Well some crime.
Related
SpaceX Tender Offer Said to Value Company at Record $210B
SpaceX plans to sell insider shares at $112 each, valuing the company at $210 billion, surpassing previous valuations. This move highlights strong investor interest in Elon Musk's space venture, positioning SpaceX as the second-highest valued private company.
New Whistleblower Files FAA and OSHA Complaints Against Boeing and Spirit
A whistleblower with 40 years of airline industry experience filed complaints against Boeing and Spirit Aerosystems for substandard manufacturing on the 787 forward bulkhead, risking safety. Boeing is investigating. Attorneys stress safety concerns.
Whistleblower warned Boeing of flaws in 787 planes
A whistleblower raised safety concerns about Boeing's 787 Dreamliner due to improperly drilled holes. Boeing denies safety issues but faces scrutiny from the FAA and ongoing investigations, emphasizing the need to restore public trust.
US accused of offering Boeing 'sweetheart deal' over fatal crashes
The US Department of Justice plans to charge Boeing with fraud over the Lion Air and Ethiopian Airlines crashes, proposing a plea deal that angers victims' families for lacking accountability.
Boeing Agrees to Buy Spirit AeroSystems, a Longtime Supplier
Boeing acquires Spirit AeroSystems for $4.7 billion in stock, aiming to address quality issues and gain control over production. The deal includes debt, marking a strategic shift for Boeing.