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, valuing the deal at approximately $8.3 billion including Spirit's debt.
Spirit AeroSystems, which was part of Boeing until 2005, manufactured the fuselage and faulty door plug involved in the recent 737 MAX 9 incident.
The acquisition aims to reintegrate commercial production, safety, and quality management systems to improve overall quality control and address recent production issues.
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.
