Boeing Reacquires Spirit AeroSystems in USD 4.7 Billion Deal Set to Boost Safety and Quality

Boeing announces a USD 4.7 billion all-stock acquisition of Spirit AeroSystems, enhancing its manufacturing capabilities and addressing safety concerns. The acquisition includes assuming Spirit's net debt, bringing the deal's total value to USD 8.3 billion. This move aims to improve airplane quality and reintegrate key production processes.

Boeing has unveiled plans to reabsorb Spirit AeroSystems through a USD 4.7 billion all-stock transaction, the aerospace giant confirmed in a statement released late Sunday. This strategic move comes as Boeing seeks to enhance the safety and quality of its aircraft manufacturing process.

The USD 4.7 billion deal, valued at USD 37.25 per share, translates to an overall transaction worth approximately USD 8.3 billion when factoring in Spirit's reported net debt. Boeing's common stock will be exchanged for Spirit shares based on a variable formula tied to the weighted average share price.

This acquisition aims to rectify production disruptions and bolster the safety standards of Boeing planes, including the 737 and 787 models, by reintegrating Spirit AeroSystems into Boeing's direct manufacturing oversight.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)