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- Boeing to Acquire Spirit AeroSystems in $4.7 Billion Deal
Boeing to Acquire Spirit AeroSystems in $4.7 Billion Deal
Slice of Manufacturing Team
July 08, 2024
Key Highlights:
Boeing to acquire Spirit AeroSystems for $37.25 per share in common stock.
Transaction valued at approximately $4.7 billion in equity and $8.3 billion in enterprise value.
Spirit to divest certain Airbus program assets concurrently with Boeing acquisition.
Closing expected in mid-2025, subject to shareholder and regulatory approvals.
Source (PR Newswire)
Notable Quote:
"After carefully evaluating Boeing's offer to combine, we are confident this transaction is in the best interest of Spirit and its shareholders, and will benefit Spirit's other stakeholders. Bringing Spirit and Boeing together will enable greater integration of both companies' manufacturing and engineering capabilities, including safety and quality systems."
Our Take:
The acquisition of Spirit AeroSystems by Boeing represents a significant strategic move in the aerospace industry, aimed at enhancing integration and efficiency across manufacturing and engineering capabilities. The transaction's structure, which includes a simultaneous divestiture of specific Airbus-related assets, underscores the meticulous planning and alignment between Spirit's future with Boeing and its historical commitments to Airbus. This deal, pending regulatory and shareholder approval, not only solidifies Boeing's supply chain but also potentially sets the stage for streamlined operations and improved safety and quality systems across the combined entity.