A briefing was held in Renton, Washington, on Tuesday in which details of the supplier’s “deficiencies” were outlined.
Boeing on Monday announced a deal to acquire Spirit AeroSystems for $4.7 billion, aiming to address and resolve recent safety concerns.
Boeing said in a news release that it will pay $37.25 a share to acquire Spirit AeroSystems.
“We believe this transaction is in the best interests of air travelers, airline customers, Spirit Airlines and Boeing employees, shareholders and the country at large,” Boeing President and CEO Dave Calhoun said in a statement.
“Reintegrating Spirit will fully align our commercial manufacturing systems, including our safety and quality management systems, and our workforce to the same priorities, incentives and outcomes centered around safety and quality,” he continued.
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Boeing on Monday announced a deal to buy Spirit AeroSystems for $4.7 billion. (Olivier D’Uglier/AFP/via Getty Images)
The company’s acquisition of Spirit includes substantially all of Boeing’s commercial businesses, as well as additional commercial, defense and aftermarket businesses.
As part of the agreement, Boeing and Spirit will work together to ensure continuity of operations in support of Spirit’s customers and acquired programs, including working with the Department of Defense and Spirit’s defense customers on defense and security initiatives.
“We are proud of the role Boeing plays in supporting our nation’s warfighters and are committed to ensuring continuity of the Spirit defense program,” Calhoun said.
The deal, which is subject to regulatory approval, would split up Spirit Airlines and transfer some of its assets to French aircraft maker Airbus.
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Passengers aboard Alaska Airlines Flight 1282 on January 5 after a door plug blew off the Boeing 737 MAX 9 jet, forcing the plane to make an emergency landing. (Reuters)
Boeing has been working to overcome problems that have plagued the company recently after a door plug exploded in mid-air on an Alaska Airlines flight traveling from Portland, Oregon, to Ontario, California, on Jan. 5. The flight, which was carrying a Boeing 737 MAX 9 jet, was forced to make an emergency landing in Portland shortly after takeoff.
The accident revealed several safety and quality issues with the jet and caused a major drop in Boeing’s production.
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Spirit, which made the door plugs, was spun off from Boeing in 2005. Boeing decided to buy Spirit back after the explosion as part of an effort to fix safety issues and ramp up production.
It also emerged last month that the Department of Justice may bring criminal charges against Boeing for violating settlements related to the two fatal crashes.
Reuters contributed to this report.
