Boeing Co (NYSE:BA) shares are set to fall on Monday after it agreed to buy Spirit AeroSystems in an all-share deal, bringing its parts supplier arm back into the group for a total cost of $8.3 billion. The US aerospace company will buy "substantially all" of commercial operations related to its own aircraft, as well as additional commercial, defense and aftermarket operations.
Boeing Co. has agreed to purchase Spirit AeroSystems Holdings Inc. in an all-stock deal valued at $4.7 billion, or $37.25 per share, unwinding a two-decade separation. This strategic move aims to address ongoing manufacturing defects and streamline operations.
Boeing agreed to acquire Sprit Aero for $37.25 a share in stock. The deal values Spirit at about $8 billion, including the company's debt.
Boeing announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm, which already was part of the aerospace company's manufacturing chain.
Boeing has reached an agreement to bring Spirit AeroSystems back under its control, after spinning off the critical contributor to its supply chain in 2025. The deal is an all-stock transaction of $4.7 billion, $37.25 per share.
Boeing Co. has agreed to buy parts supplier Spirit Aerosystems Holdings Inc. in an all-stock deal worth more than $4 billion.
Boeing has agreed to acquire key supplier Spirit AeroSystems in a deal valued at $4.7 billion, the plane maker said early on Monday, after months of negotiations amid major turmoil at the company over safety and regulatory issues.
Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also stalled new narrow-body deliveries by the U.S. planemaker, according to flight tracking data and two sources.
Boeing said in March that it was in talks to acquire fuselage maker Spirit AeroSystems. The deal comes after a big leadership shake-up at Boeing following a door panel that blew out midflight from a nearly new Boeing 737 Max 9 jet.
Boeing said on Monday it would buy its struggling supplier Spirit AeroSystems in a $4.7 billion all-stock deal which was finalized after months of talks, as the aerospace giant tries to solve a full-blown safety and regulatory crisis that has engulfed its key supplier as well.
Boeing BA -0.27%decrease; red down pointing triangle clinched a deal to buy Spirit AeroSystems SPR 0.15%increase; green up pointing triangle, taking back a troubled fuselage maker that it split off two decades ago as the jet manufacturer grapples with production problems.
Boeing is buying back Spirit Aero, a manufacturer of parts for its 737 and 787 planes, per Reuters. The $4.7 billion all-stock deal is set to be officially announced Monday, the outlet reported.