Spirit AeroSystems, a major aerospace supplier, has received a $107 million credit line from Airbus to support its production efforts. The agreement outlines that repayment will be tied to specific transactions or will be due by April 1, 2026, ensuring continued production for Airbus programs.
As the Boeing strike stretches on, Spirit Aerosystems, a major supplier, is forced to implement furloughs for hundreds of employees. The company faces mounting pressure and warns of potential layoffs if the strike continues beyond November.
Spirit AeroSystems, a major aircraft parts manufacturer, has agreed to be acquired by Boeing for $37.25 per share, representing a 30% premium. Simultaneously, Airbus will acquire certain Spirit assets related to Airbus programs. The deal, valued at $4.7 billion in equity and $8.3 billion in enterprise value, is expected to close by mid-2025.
Boeing has agreed to acquire Spirit AeroSystems for $37.25 per share in Boeing stock, valuing the deal at approximately $8.3 billion. The acquisition includes Spirit’s net debt and involves the divestiture of certain Airbus programs.
Airbus SE has signed a binding term sheet with Spirit AeroSystems to potentially acquire key production operations, ensuring supply chain stability and sustainability for Airbus’s commercial aircraft programs. The proposed transaction involves the acquisition of A350 fuselage sections, A220 wings and mid-fuselage, and A220 pylons.
Boeing has announced a definitive agreement to acquire Spirit AeroSystems for $37.25 per share in Boeing common stock, valuing the deal at approximately $4.7 billion. The acquisition aims to integrate the manufacturing and engineering capabilities of both companies. Concurrently, Spirit has entered into a term sheet with Airbus for the potential sale of certain assets serving Airbus programs.
Joshua Dean, a former quality auditor at Boeing supplier Spirit AeroSystems, has died at the age of 45. Dean’s death, attributed to a sudden and aggressive infection, follows the death of another Boeing whistleblower, John Barnett, who reportedly died by suicide two months ago. Dean raised concerns about Spirit leadership potentially ignoring critical manufacturing flaws in Boeing’s 737 MAX planes. He documented his observations, including improperly drilled holes in the aft pressure bulkhead, a crucial component for maintaining cabin pressure.
Boeing’s (BA) attempt to reacquire Spirit AeroSystems (SPR) is facing challenges due to the valuation of factories that produce parts for rival aircraft manufacturer Airbus (EADSY). Spirit’s involvement in the supply chains of both Boeing and Airbus complicates the negotiations.
