Boeing acquiring supplier Spirit AeroSystems for $4.7B
Boeing said Monday it plans to buy Spirit AeroSystems, a supplier it spun off from a subsidiary decades ago, in an all-stock deal for $4.7 billion. Boeing has outsourced some manufacturing processes to Spirit for years, but the move gives the company increased oversight and control over its manufacturing process amid ongoing scrutiny from federal […]
Boeing agrees to buy Spirit AeroSystems for $4.7B to address safety concerns
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 […]
Boeing to buy supplier Spirit AeroSystems in $4.7bn deal | Boeing
Boeing has agreed to buy a parts supplier it sold nearly 20 years ago for $4.7bn (£3.7bn) as it seeks to improve safety on its production lines after a panel blew off on an Alaska Airlines plane in flight earlier this year. The under-pressure U.S. aircraft maker is buying Spirit AeroSystems, a supplier of fuselage […]
Boeing CEO to visit Spirit AeroSystems after door incident
Jeff Sica, founder of Circle Squared Alternative Investments, discusses whether Boeing stock is a buy for Barney & Company. Boeing CEO Dave Calhoun will visit parts supplier Spirit AeroSystems in Wichita, Kansas, on Wednesday, a company spokesperson confirmed to FOX Business. Calhoun and Spirit CEO Pat Shanahan said employees were injured after a mid-air accident […]
Boeing, Spirit Aerosystems shares tank after 737 Max 9 incident
TikTok user @strawberr.vy captured a video of a large portion of an Alaska Airlines Boeing 737 Max plane taking off and then descending. (@strawberr.vy/TikTok) Shares of Boeing and parts supplier Spirit AeroSystems fell sharply on Monday after federal aviation regulators grounded their planes. Boeing 737 MAX9 The jet will undergo further inspection after the passenger […]