Spirit AeroSystems manufactured fuselages and other components for the Boeing 737. [Courtesy: Boeing]
Key Takeaways:
Boeing has agreed to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction, or approximately $8.3 billion including Spirit's net debt.
Spirit AeroSystems, a manufacturer of components like 737 fuselages, was originally part of Boeing until 2005 before being sold off.
The acquisition is driven by Boeing's aim to improve safety and quality control by fully aligning production systems, especially after Spirit built the fuselage with the faulty door plug on a recent 737 Max 9 incident.
Boeing has entered into an agreement to acquire Spirit AeroSystems. The price tag on the merger described by Boeing as an “all-stock transaction” is $4.7 billion, or $37.25 per share.
“The total transaction value is approximately $8.3 billion, including Spirit’s last reported net debt,” Boeing said in a statement.
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Meg Godlewski has been an aviation journalist for more than 24 years and a CFI for more than 20 years. If she is not flying or teaching aviation, she is writing about it. Meg is a founding member of the Pilot Proficiency Center at EAA AirVenture and excels at the application of simulation technology to flatten the learning curve. Follow Meg on Twitter @2Lewski.
