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, with a total value of approximately $8.3 billion including Spirit's debt.
The acquisition follows intense scrutiny of Spirit AeroSystems for manufacturing the door plug that failed on a Boeing 737 Max 9 in January.
Boeing's CEO stated the deal aims to fully reintegrate commercial production, safety, and quality management systems to improve overall safety and quality across its operations.
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.
