Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock

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Aerospace Technology News

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Boeing has announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm. Boeing, located in Arlington, Virginia, announced the purchase in a statement late Sunday. Boeing says the acquisition’s equity value of $4.7 billion is $37.25 per share, while the total value of the deal is around $8.

FILE - A Boeing 737 Max jet prepares to land at Boeing Field following a test flight in Seattle, Sept. 30, 2020. Boeing announced plans late Sunday, June 30, 2024, to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm. FILE - The Boeing logo is pictured Jan. 25, 2011, on the property in El Segundo, Calif. Boeing announced plans late Sunday, June 30, 2024, to acquire Spirit AeroSystems for $4.

“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,” Boeing President and CEO Dave Calhoun said in the statement.

Source: News Formal (newsformal.com)

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