Boeing has reacquired its former subsidiary and current fuselage supplier Spirit AeroSystems. The merger is an all-paper deal with an equity value of around $4.7bn, or $37.25 per share, which represents a 30% premium to Spirit’s closing stock price of $28.60 on February 29, 2024, a day before discussions were officially announced. Separate discussions took place between Spirit and Boeing’s rival aircraft manufacturer Airbus. “We believe this deal is in the best interest of the flying public, our airline customers, the employees of Spirit and Boeing, our shareholders, and the country more broadly,” said Boeing president and CEO Dave Calhoun.

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