Overview
- The UK Competition and Markets Authority approved Boeing’s all-stock offer on August 8, removing a key regulatory barrier to the $4.7 billion deal.
- Boeing and Spirit AeroSystems aim to finalize the transaction in the fourth quarter of 2025, which will see Boeing reclaim its former Wichita and Tulsa composite plants plus a Dallas maintenance facility.
- Airbus will acquire Spirit facilities supporting its A350, A320neo, A220 and A321 programmes at sites in Kinston, St. Nazaire, Casablanca, Prestwick and Belfast.
- The acquisition, first agreed in June 2024 at a valuation of $4.7 billion in equity or $8.3 billion including debt, reverses Boeing’s 2005 spin-off of Spirit.
- Boeing says reintegrating Spirit’s operations will strengthen its supply chain, enhance quality controls and reduce the risk of future manufacturing errors.