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Boeing Completes Acquisition of Spirit AeroSystems
Prnewswire· 2025-12-08 13:40
Core Insights - Boeing has completed its acquisition of Spirit AeroSystems, marking a significant milestone in its history and future success [1][3] - The acquisition includes Spirit's commercial operations related to Boeing, such as fuselages for the 737 program and major structures for the 767, 777, and 787 Dreamliner [3][4] - Spirit Defense will operate as an independent subsidiary to ensure continuity in support for defense customers while aligning with Boeing's defense sector for financial reporting [5][9] Company Integration - Approximately 15,000 employees from Spirit AeroSystems across various locations, including Wichita, Dallas, and Tulsa, will integrate into Boeing [7] - The acquisition enhances Boeing's global maintenance, repair, and overhaul services and expands its aftermarket business portfolio [4][9] - Spirit's operations in Belfast will function as an independent subsidiary branded as Short Brothers, a Boeing Company [6] Industry Impact - The acquisition is expected to strengthen Boeing's commitment to aviation safety and airplane quality while stabilizing commercial production and supply chains [9] - Kansas officials highlight the acquisition's significance for the state's aerospace industry, emphasizing the skilled workforce and the region's historical importance in aviation [8]
Boeing completes $8.3B Spirit AeroSystems acquisition
Yahoo Finance· 2025-12-08 11:23
Core Insights - Airbus and Composites Technology Research Malaysia (CTRM) have completed acquisitions of Spirit AeroSystems' assets, indicating a significant consolidation in the aerospace supply chain [1] - Airbus's acquisition is valued at $439 million, gaining over 4,000 employees and operations across five facilities that support its A350, A220, and A321 aircraft programs [2] - CTRM acquired Spirit AeroSystems' assets for $95.2 million, including a 400,000-square-foot facility in Malaysia that employs over 1,000 people [3] - Boeing's acquisition of Spirit AeroSystems is valued at $4.7 billion, taking on approximately $4 billion in debt, totaling $8.3 billion [4] - Boeing will integrate Spirit AeroSystems' operations in various locations, gaining around 15,000 employees and enhancing its capabilities in commercial and military aircraft production [5][6] Summary by Category Airbus Acquisition - Airbus has agreed to a $439 million deal for Spirit AeroSystems' factory sites and production assets, enhancing its workforce by over 4,000 employees [2] - The acquisition includes operations in France, Morocco, Northern Ireland, Scotland, and the United States, supporting Airbus's key aircraft programs [2] CTRM Acquisition - CTRM's acquisition of Spirit AeroSystems' assets is valued at $95.2 million, including a significant facility in Malaysia that provides aerostructures assembly and service capabilities [3] - The Malaysian site employs over 1,000 people and offers access to regional material sourcing [3] Boeing Acquisition - Boeing's acquisition of Spirit AeroSystems is valued at $4.7 billion, with an additional $4 billion in debt, leading to a total transaction value of $8.3 billion [4] - The acquisition includes all Boeing-related commercial operations of Spirit AeroSystems, enhancing Boeing's production capabilities for various aircraft models [4] - Boeing will integrate operations from multiple locations, including Belfast and Wichita, and will gain approximately 15,000 employees [5][6]