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.
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Boeing Buys Spirit AeroSystems: A Major Aerospace Shake-Up