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Boeing Reabsorbs Spirit AeroSystems as Airbus Takes Divested Sites

The split follows FTC conditions that shifted Spirit’s Airbus work to the European manufacturer.

Overview

  • Boeing said it has closed the Spirit AeroSystems deal and will fold Spirit’s commercial and aftermarket operations into its Commercial Airplanes and Global Services units.
  • About 15,000 Spirit employees at Wichita, Dallas, Tulsa, Belfast and Prestwick are moving to Boeing, with the Belfast site rebranded as Short Brothers, a Boeing Company.
  • Spirit Defense will operate as a non‑integrated subsidiary under Boeing Defense with independent governance and firewalls to continue serving other primes.
  • Airbus completed its purchase of Spirit assets tied to its programs for $439 million, taking over sites in the United States, France, Morocco and the United Kingdom and adding more than 4,000 employees.
  • The FTC approved the transaction with remedies requiring divestiture of Spirit’s Airbus-related work and the sale of a Malaysia facility to CTRM, while media reports cite a $4.7 billion headline value for Boeing’s deal and one report notes $8.3 billion including assumed debt.