Report: Boeing agrees to buy Spirit AeroSystems for $4.3 billion
WICHITA, Kan. (KWCH) - Update: According to a release from Boeing, the deal is expected to close in mid-2025.
Boeing will acquire Spirit’s commercial and aftermath programs and will pick up Spirit’s contract with the Department of Defense.
Spirit is also looking at selling its operations in Europe and Malaysia.
As part of this deal, Airbus will acquire the portions of Spirit that work on Airbus projects. The deal must be approved by U.S. and European regulators and Spirit shareholders.
On Sunday, Boeing agreed to acquire Spirit AeroSystems for $37.25 per share in an all-stock deal that values the supplier at more than $4 billion, according to a report from Reuters.
Reuters sources said the boards of Boeing and Spirit met on Sunday and agreed to the deal’s . An official announcement could come as soon as Monday.
The deal, subject to regulatory approvals, would lead to Spirit’s breakup, with some of its assets going to Airbus, the French planemaker.
In March, Boeing announced that it was in talks to buy back Spirit, which builds fuselages for Boeing 737 Max jetliners, including the one that suffered a door- blowout on an Alaska Airlines flight in January.
Boeing stated that integrating the supplier back into the Boeing organization would enhance plane quality and safety, which has experienced increasing scrutiny from regulators, Congress and airlines.
12 News is ing Spirit and Boeing for comment and will update this story as more details become available.
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