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Boeing has agreed to buy back Spirit AeroSystems for $4.7 billion in stock, ending the near-two-decade independence of the world's largest standalone aerostructures company. Boeing's arch-rival, Airbus,
Boeing has agreed to reacquire Spirit AeroSystems, a key parts supplier, in a stock and debt deal worth as much as $13 billion.
The $4.7 billion purchase would reverse Boeing's longtime strategy of outsourcing key work on its passenger planes.
Airbus may end up owning some assets of Spirit AeroSystems in Scotland and Malaysia if the transatlantic supplier is unable to find a buyer for them, a filing from the aerostructures company showed on Monday.
Airbus said it would also receive $559 million in compensation from Spirit AeroSystems. Boeing is buying the bulk of the business.
Boeing agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation.
Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier's loss-making Europe-focused activities, sending shares in all three companies higher in a rare transatlantic break-up.
Boeing said it reached a deal to purchase Spirit AeroSystems for $4.7 billion, as the plane manufacturer attempts to shore up safety concerns following recent issues with certain jets.
Almost seven years after picking up Bombardier Inc.’s troubled C-Series aircraft program for next to nothing, Airbus SE is going discount shopping once more — this time for assets being offloaded by Spirit AeroSystems Inc.
Politicians raised concerns on Monday about jobs not secured in Airbus' takeover of the bulk of production at Spirit AeroSystems plant in Belfast, one of Northern Ireland's biggest employers. Airbus' move to take control of the core activities at four Spirit plants,
Boeing announced plans to buy back the bulk of supplier Spirit AeroSystems for $4.7 billion, and Airbus said it would purchase Spirit operations related to the European aerospace giant.
Spirit is Northern Ireland’s most significant manufacturing employer with about 3,500 staff. Airbus is taking control of the part of the business which makes wings and fuselage for its A220 jet. There is uncertainty for the non-Airbus parts of the Belfast business with Spirit saying it will sell them separately.
European planemaker Airbus will take over core activities at four Spirit Aerosystems plants as arch-rival Boeing agrees to buy the world's largest standalone aerostructures company in a $4.7 billion stock deal.
Boeing Co. has agreed to buy parts supplier Spirit Aerosystems Holdings Inc. in an all-stock deal worth more than $4 billion.
Boeing announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm, which already was part of the aerospace company's manufacturing chain. Boeing,
Boeing said on Monday it would buy Spirit AeroSystems in a $4.7 billion all-stock deal following months of talks, as it tries to resolve a sprawling corporate and industrial crisis that has also engulfed the key supplier.
Boeing is set to acquire Spirit AeroSystems, a manufacturer of parts for its 737 and 787 planes, Reuters reported.
Spirit Airlines Inc. closed $16.04 short of its 52-week high ($19.69), which the company achieved on July 12th.
Europe's Airbus on Monday set out the terms under which it plans to buy certain loss-making activities of Spirit AeroSystems as part of a planned wider break-up of the supplier between Airbus and rival Boeing.
The Boeing Company (NYSE: BA) recently signed a contract to buy back Spirit AeroSystems (NYSE: SPR), its largest independent supplier of aerostructures, which spun off from the jet maker in 2005.
Patrick Shanahan is seen as the logical choice due to his engineering background and his ability to turn around poorly performing programs.
The plane maker’s purchase of Spirit AeroSystem, a supplier it spun off in 2005, exemplifies a realization dawning on corporate America: Outsourcing isn’t all it was once cracked up to be.
Spirit AeroSystems CEO Pat Shanahan, who engineered the deal to to split Spirit AeroSystems between Boeing and Airbus, is positioned to be a top Boeing CEO candidate.
Boeing agreed to buy Spirit AeroSystems, the Kansas-based supplier that makes fuselages for the 737 Max jet, in a deal intended to improve quality after a midair door plug blowout.
The CEO of the beleaguered fuselage supplier Spirit AeroSystems, who successfully engineered the plan for Boeing to buy the company 20 years after selling it, could soon be Boeing’s top boss.
The sale required complex three-party negotiations that will break Spirit up. The deal is pending regulatory review, which can take several months.
Boeing is bringing key supplier Spirit AeroSystems back under its wing. Why it matters: Moving the fuselage maker in-house — Boeing sold the business nearly two decades ago — is seen as a necessary step to correct quality-control issues that have plagued both companies.
Boeing agreed to acquire Sprit Aero for $37.25 a share in stock. The deal values Spirit at about $8 billion, including the company’s debt.
Boeing CEO says $4.7B deal is ‘most significant’ move its made to improve safety since 737 Max crashes in 2018 and 2019.
Boeing plans to acquire Spirit AeroSystems for $4.7 billion, aiming to improve aircraft quality and safety amid increased oversight from Congress, airlines, and the Department of Justice. “We believe this deal is in the best interest of the flying public,
Tesla’s second-quarter deliveries report is expected this week, investor Keith Gill reports a 6.6% stake in Chewy, and Boeing reaches an agreement to acquire Spirit AeroSystems.
Stocks that are trading heavily or have substantial price changes on Monday: Chewy Inc. (CHWY), down $1.77 to $25.47. Roaring Kitty, an investor at the center of the meme stock craze, has taken a 6.6% stake in the online pet retailer.
We believe this deal is in the best interest of the flying public' A few weeks prior to the official announcement, reports started to swirl that Boeing was looking toward Spirit
U.S. stock futures are rising entering the third quarter; Spirit AeroSystems shares are surging after Boeing said it would buy the parts supplier for $4.7 billion in stock, while
CNBC's Phil LeBeau joins 'Squawk Box' to report on Boeing as the plane maker announces plans to buy fuselage maker Spirit AeroSystems in a $4.7 billion deal.
The acquisition at a time when Boeing faces major turmoil over safety issues plaguing its aircraft and potential federal criminal charges in the U.S.
Key Takeaways Boeing agreed to reacquire Spirit AeroSystems for $4.7 billion as the troubled plane manufacturer moves to strengthen control of its supply chain.Spirit makes fuselages for Boeing's 737 family of planes,
Boeing said in March that it was in talks to acquire fuselage maker Spirit AeroSystems. The deal comes after a big leadership shake-up at Boeing and a midflight door panel blowout that sparked a fresh safety crisis.
Bombardier, Inc. (BBD-B.TO) announced Tuesday it expects its supply contracts to be maintained to the highest standards of quality
Canadian aircraft make Bombardier said it remained actively engaged with Spirit Aerosystems as part of its normal business under existing contracts with the troubled fuselage maker that Boeing has agreed to buy in a $4.
In the roughly 24-month period leading up to their all-time high in December 2014, shares of Spirit Airlines ( SAVE -3.28%) skyrocketed 400%. But it's been a turbulent journey since then, with the stock plunging 96% from that peak price.
At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards,
Politicians and union leaders warn against dismantling the aircraft supplier in Northern Ireland as Airbus considers options
Analyst Kristine Liwag from Morgan Stanley maintained a Hold rating on Boeing (BA – Research Report) and keeping the price target at