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.
