Overview
- Airbus has completed the acquisition of Spirit AeroSystems' European and other production sites, including facilities in Northern Ireland, Morocco, and France.
- The agreement involves Airbus paying $439 million for the assets and providing $200 million in non-interest-bearing credit lines to Spirit.
- Boeing’s $4.7 billion acquisition of Spirit AeroSystems, announced in 2024, remains on track for finalization by mid-2025.
- Spirit AeroSystems continues to face financial challenges, projecting a cash burn of $650 million to $700 million in the first half of 2025.
- This strategic realignment aims to stabilize global aerospace supply chains, addressing persistent quality and delivery issues at Spirit AeroSystems.