Boeing announces acquisition agreement with Spirit AeroSystems

“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. “By reintegrating Spirit, we can fully align our commercial production systems, including our Safety and Quality Management Systems, and our workforce to the same priorities, incentives and outcomes – centered on safety and quality.”

The acquisition includes substantially all Boeing-related commercial operations as well as additional commercial, defense, and aftermarket operations. As part of the transaction, Boeing will collaborate with Spirit to ensure continuity for operations supporting Spirit’s customers and programs it acquires.

“We are proud of the role Boeing plays in supporting our men and women in uniform and are committed to ensuring continuity for Spirit’s defense programs,” added Calhoun.

Additionally, Airbus SE and Spirit have entered into a binding term sheet under which Airbus will acquire certain commercial work packages that Spirit performs for Airbus concurrently with the closing of the Boeing-Spirit merger. Furthermore, Spirit plans to sell some operations not related to Airbus work packages located in Belfast (Northern Ireland), Prestwick (Scotland), and Subang (Malaysia). The transaction is expected to close in mid-2025 pending regulatory approvals and other customary closing conditions.