Boeing Acquires Spirit AeroSystems in $8.3 Billion Deal

Boeing [NYSE: BA] has entered into a definitive agreement to acquire Spirit AeroSystems [NYSE: SPR] in an all-stock transaction valued at approximately $4.7 billion, or $37.25 per share. The total transaction value, including Spirit’s net debt, is approximately $8.3 billion. The exchange ratio for Spirit shareholders will range from 0.18 to 0.25 Boeing shares per Spirit share, depending on Boeing’s stock price prior to closing.

Strategic Alignment and Operational Integration

Dave Calhoun, President and CEO of Boeing, emphasized the strategic benefits of reintegrating Spirit AeroSystems, aligning their production systems, and focusing on safety and quality. The acquisition will encompass Boeing-related commercial operations, additional commercial, defense, and aftermarket operations. Boeing plans to ensure continuity of operations for Spirit’s customers and programs, including those involving the U.S. Department of Defense.

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Collaboration with Airbus

Airbus SE and Spirit have agreed on a binding term sheet under which Airbus will acquire certain commercial work packages from Spirit, pending regulatory approvals. Spirit also plans to sell operations in Belfast, Northern Ireland, Prestwick, Scotland, and Subang, Malaysia. The transaction is expected to close by mid-2025, subject to customary closing conditions and necessary approvals.

Expert Financial and Legal Advisory

PJT Partners is serving as lead financial advisor to Boeing, with additional advisory support from Goldman Sachs & Co., LLC, and Consello. Legal counsel is provided by Sullivan & Cromwell LLP.

Industry Impact and Future Prospects

Boeing’s acquisition of Spirit AeroSystems marks a significant move in the aerospace industry, aiming to enhance operational efficiency and integrate advanced technologies for improved safety and quality. This acquisition reflects Boeing’s commitment to innovation and its strategic focus on long-term growth and sustainability.

For more information on the acquisition and updates, visit the Events and Presentations section of Boeing’s investor relations page.

About Boeing

Boeing is a leading global aerospace company, developing and servicing commercial airplanes, defense products, and space systems for customers in over 150 countries. Known for leveraging a global supplier base, Boeing focuses on economic opportunity, sustainability, and community impact, guided by core values of safety, quality, and integrity. For career opportunities and more information, visit boeing.com/careers.

Forward-Looking Statements

This announcement includes forward-looking statements subject to risks and uncertainties. For more detailed information on these risks, refer to Boeing’s and Spirit AeroSystems’ filings with the SEC. Investors and shareholders are advised to read the proxy statement/prospectus and other related documents when available.

Additional Information

Boeing will file relevant documents with the SEC, including a registration statement on Form S-4. These documents will be accessible for free on the SEC’s website at www.sec.gov and on Boeing’s investor relations website.

No Offer or Solicitation

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Participants in Solicitation

Boeing and Spirit, along with their respective directors and executive officers, may be deemed participants in the solicitation of proxies from Spirit’s stockholders. Detailed information about these participants will be included in the proxy statement/prospectus filed with the SEC.

For further details on Boeing and Spirit’s executive officers and directors, refer to their respective SEC filings. These documents can be obtained free of charge from the SEC’s website or from Boeing’s and Spirit’s investor relations websites.

Source: Boeing to Acquire Spirit AeroSystems in Major Aerospace Industry Move