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Showing posts from June 30, 2024

Boeing has agreed to purchase fuselage manufacturer Spirit AeroSystems, In a $4.7 billion transaction.

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 Important Points In March, Boeing announced that negotiations to buy Spirit AeroSystems, a manufacturer of fuselages, were ongoing. The agreement follows a significant reorganization of Boeing's leadership team and a door panel blowout that occurred in midair, causing a new safety issue. Spirit and Boeing have had difficulty eliminating manufacturing defects from Boeing's best-selling aircraft. Boeing announced on Monday that it will repurchase Spirit AeroSystems, a struggling manufacturer of fuselages, in an all-stock transaction that it claims will enhance quality assurance and safety. It stated that it has agreed to pay $37.25 per share in Boeing stock for Spirit, resulting in an equity value of $4.7 billion for the aerospace company. According to Boeing, the acquisition is worth $8.3 billion when Spirit is debt is taken into account. Spirit is market value is estimated to be at $3.8 billion after its shares closed on Friday at $32.87 per. Following weeks of turmoil for the...