July 24th, 2024

Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock

By The Associated Press on June 30, 2024.

ARLINGTON, Va. (AP) – Boeing announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm.

Boeing, located in Arlington, Virginia, announced the purchase in a statement late Sunday.

The acquisition’s equity value of $4.7 billion is $37.25 per share, while the total value of the deal is around $8.3 billion, which includes Spirit’s last reported net debt, the aerospace company said.

Spirit, located in Wichita, Kansas, manufactures key parts for Boeing aircraft.

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