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EADSY - Boeing Buys Spirit AeroSystems: A Major Aerospace Shake-Up
Airbus SE ADR
2024-07-02 11:17:37 ET
Summary
Boeing acquires Spirit AeroSystems in a $8.3 billion all-stock deal, with shareholders receiving between 0.18 and 0.25 Boeing shares.
Airbus receives $559 million compensation to take back lossmaking business from Spirit AeroSystems.
Boeing's acquisition of Spirit AeroSystems aims to bolster quality and oversight in the Boeing 737 MAX chain, potentially increasing production rates and improving reputation.