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 […]