ASIM, jul 03
Boeing has finalized an agreement to acquire its long-time supplier, Spirit AeroSystems, the manufacturer of the 737 MAX fuselage, in an effort to enhance safety and quality. This all-stock transaction is valued at approximately $4.7 billion, with a total transaction value of about $8.3 billion including Spirit’s net debt. The acquisition will cover almost all Boeing-related commercial operations, along with additional commercial, defense, and aftermarket operations. Outgoing president and CEO Dave Calhoun emphasized that reintegrating Spirit will better align Boeing’s production systems and workforce around shared priorities of safety and quality.
Meanwhile, Airbus is pursuing a separate acquisition of Spirit AeroSystems’ activities related to the production of its A220 and A350 aircraft. This involves the production of A350 fuselage sections in North Carolina and France, A220 wings and mid-fuselage components in Northern Ireland and Morocco, and A220 pylons in Kansas. Airbus aims to secure a stable supply chain for its commercial aircraft programs and will be compensated $559 million from Spirit for a nominal consideration of $1. All parties are committed to working diligently to complete the due diligence process and finalize the transaction as promptly as possible.
