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Boeing previously owned the supplier, and the purchase would reverse a longtime Boeing strategy of outsourcing key work on its passenger planes.
Boeing has agreed to buy back Spirit AeroSystems for $4.7 billion in stock, ending the near-two-decade independence of the world's largest standalone aerostructures company. Boeing's arch-rival, Airbus,
Boeing has agreed to reacquire Spirit AeroSystems, a key parts supplier, in a stock and debt deal worth as much as $13 billion.
The $4.7 billion purchase would reverse Boeing's longtime strategy of outsourcing key work on its passenger planes.
Airbus said it would also receive $559 million in compensation from Spirit AeroSystems. Boeing is buying the bulk of the business.
Boeing said it reached a deal to purchase Spirit AeroSystems for $4.7 billion, as the plane manufacturer attempts to shore up safety concerns following recent issues with certain jets.
Almost seven years after picking up Bombardier Inc.’s troubled C-Series aircraft program for next to nothing, Airbus SE is going discount shopping once more — this time for assets being offloaded by Spirit AeroSystems Inc.
The Boeing Company (NYSE: BA) recently signed a contract to buy back Spirit AeroSystems (NYSE: SPR), its largest independent supplier of aerostructures, which spun off from the jet maker in 2005.
Boeing's long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems , now shifts the focus of investors to the planemaker's search for a new CEO.
Asian budget airline operator Cebu Air signed a preliminary deal to buy up to 152 Airbus jets in what it said was the largest aircraft order in Philippine history.
The sale required complex three-party negotiations that will break Spirit up. The deal is pending regulatory review, which can take several months.
European planemaker Airbus will take over core activities at four Spirit Aerosystems plants as arch-rival Boeing agrees to buy the world's largest standalone aerostructures company in a $4.7 billion stock deal.
The CEO of the beleaguered fuselage supplier Spirit AeroSystems, who successfully engineered the plan for Boeing to buy the company 20 years after selling it, could soon be Boeing’s top boss.
Boeing is bringing key supplier Spirit AeroSystems back under its wing. Why it matters: Moving the fuselage maker in-house — Boeing sold the business nearly two decades ago — is seen as a necessary step to correct quality-control issues that have plagued both companies.
Boeing agreed to acquire Sprit Aero for $37.25 a share in stock. The deal values Spirit at about $8 billion, including the company’s debt.
Boeing plans to acquire Spirit AeroSystems for $4.7 billion, aiming to improve aircraft quality and safety amid increased oversight from Congress, airlines, and the Department of Justice. “We believe this deal is in the best interest of the flying public,
We believe this deal is in the best interest of the flying public' A few weeks prior to the official announcement, reports started to swirl that Boeing was looking toward Spirit
Key Takeaways Boeing agreed to reacquire Spirit AeroSystems for $4.7 billion as the troubled plane manufacturer moves to strengthen control of its supply chain.Spirit makes fuselages for Boeing's 737 family of planes,
CNBC's Phil LeBeau joins 'Squawk Box' to report on Boeing as the plane maker announces plans to buy fuselage maker Spirit AeroSystems in a $4.7 billion deal.
Boeing agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation.
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice.
Boeing said in March that it was in talks to acquire fuselage maker Spirit AeroSystems. The deal comes after a big leadership shake-up at Boeing and a midflight door panel blowout that sparked a fresh safety crisis.
Patrick Shanahan is seen as the logical choice due to his engineering background and his ability to turn around poorly performing programs.
Bombardier, Inc. (BBD-B.TO) announced Tuesday it expects its supply contracts to be maintained to the highest standards of quality
Canadian aircraft make Bombardier said it remained actively engaged with Spirit Aerosystems as part of its normal business under existing contracts with the troubled fuselage maker that Boeing has agreed to buy in a $4.
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At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards,
The Department of Justice plans to charge plane manufacturer Boeing with fraud after it allegedly violated an agreement that shielded it from prosecution over fatal crashes involving its 737 Max jets,
Boeing announced on Monday that they have agreed to a definitive merger agreement to acquire Spirit AreoSystems. 7/1/24
Boeing previously owned Spirit, and the purchase would reverse a longtime Boeing strategy of outsourcing key work on its passenger planes.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airplane parts supplier Spirit AeroSystems (NYSE:SPR) is trending, and SPR
Boeing Co. agreed to buy back Spirit AeroSystems Holdings Inc. for $37.25 a share in an all-stock deal that values the supplier at $4.7 billion, unwinding
Boeing announced plans to acquire key Wichita-based Spirit AeroSystems for $4.7 billion ($37.25 per share). Yahoo Finance
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice.
Spirit AeroSystems Holdings edged higher on Monday's pre-market after Boeing said it will acquire back the jet fuselage maker in an all-stock deal worth around $4.7 billion. Dow Jones Newswires is a market-moving financial and business news source,
Boeing will reverse the 2005 spin-off of this critical division and will need to stabilize production at multiple facilities.
The multibillion-dollar deal will reverse a decision the plane maker made two decades ago to outsource production of key parts to independent suppliers.
Boeing (NYSE:BA) agreed to acquire Spirit AeroSystems (NYSE:SPR) for $37.25 a share in an all-stock deal that had been expected for several months, the companies announced on Monday. Analysts at Wall Street banks offered opinions on what the deal could mean for Boeing (BA) as the company seeks to boost output of planes and overcome serious doubts
The acquisition at a time when Boeing faces major turmoil over safety issues plaguing its aircraft and potential federal criminal charges in the U.S.
Boeing will buy Spirit for $4.7 billion in stock as it looks to improve the safety and quality of its airplanes. Here's what you need to know.
Boeing said Monday that it plans to purchase Spirit AeroSystems in a $4.7 billion all-stock deal decades after it spun off the supplier. The planemaker has for years outsourced parts of its production process to the Spirit.
Boeing announced Monday it has agreed to acquire supplier Spirit AreoSystems, a move the company says will improve plane safety and quality. Boeing previously owned Spirit, and the purchase would reverse a longtime Boeing strategy of outsourcing key work on its passenger planes.
Boeing reaches deal to buy back aircraft plant it sold in 2005 cost-cutting move, will be Wichita’s No. 1 employer again.
Boeing has announced that it will be buying back Spirit AeroSystems, one of the company's struggling suppliers. This move has led investors to speculate on who will be the next CEO of the planemaker.