- Boeing has agreed to repurchase Spirit AeroSystems for $4.7 billion in stock, marking the end of the latter’s near-two-decade independence as the world’s largest standalone aerostructures company. This move, spurred by the latest Boeing 737 MAX crisis, sees Boeing paying approximately $37.25 per share, equating to an enterprise value of $8.3 billion including debt. The deal is expected to enhance the integration of manufacturing and engineering capabilities between the two companies, boosting safety and quality systems. Following the announcement, Spirit’s shares rose by 3.6% and Boeing’s by 2%.
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Additionally, Airbus plans to take over some of Spirit’s Europe-focused activities, including core operations at four of the supplier's plants in the U.S., Northern Ireland, France, and Morocco. This strategic realignment comes in the wake of Boeing's efforts to resolve quality problems and production slowdowns that have plagued the 737 MAX program. Rating agency Fitch has indicated that the deal should be operationally beneficial for Boeing, aiding in better planning and control of future 737 MAX production. The agreement also includes a symbolic $1 payment from Airbus to Spirit and $559 million in compensation, reflecting Airbus’s commitment to maintaining its production capabilities.
السبب في أهمية الخبر
This buyback signifies major realignments within the aerospace industry, affecting production, investment, and strategic partnerships.
