SPR - Airbus Scores $559M Compensation In Spirit AeroSystems Deal: Details | Benzinga
Airbus SE (OTC:EADSY) has signed a binding term sheet with Spirit AeroSystems Holdings Inc (NYSE:SPR) for a potential acquisition of key production activities, including A350 fuselage sections in Kinston, North Carolina, and St. Nazaire, France, as well as A220 components in Belfast, Northern Ireland, and Casablanca, Morocco.
The deal includes a compensation payment of $559 million to Airbus, with a nominal consideration of $1.00, subject to adjustments based on the final transaction details.
The agreement aims to stabilize supply chains for Airbus’s commercial ...