Boeing [NYSE: BA] has announced 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, including Spirit’s last reported net debt, amounts to approximately $8.3 billion. Each share of Spirit AeroSystems will be exchanged for a number of Boeing shares as per an exchange ratio ranging from 0.18 to 0.25, depending on the volume-weighted average share price of Boeing over a specified period. This acquisition aims to align Boeing’s commercial production systems with Spirit’s, enhancing safety and quality across operations. The deal, expected to close by mid-2025, is subject to regulatory and Spirit shareholder approvals. Financial and legal advisors on the transaction include PJT Partners, Goldman Sachs, Consello, and Sullivan & Cromwell LLP. Concurrently, Airbus SE is set to acquire certain commercial operations from Spirit, pending regulatory approvals.

Aerospace & Defense, Manufacturing,United States, Europe, Asia

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