In a significant move within the aerospace industry, Spirit AeroSystems has entered into a definitive merger agreement to be acquired by The Boeing Company for $37.25 per share in Boeing common stock, valuing Spirit at approximately $4.7 billion in equity and $8.3 billion in enterprise value, inclusive of Spirit’s net debt. The transaction represents a 30% premium to Spirit’s closing price before the initial discussions were publicly confirmed. Patrick M. Shanahan, Spirit’s President and CEO, cited the benefits of greater integration of manufacturing and engineering capabilities. Concurrently, Spirit signed a term sheet with Airbus SE to negotiate the transfer of certain Spirit assets involved in Airbus programs, promoting better alignment and integration. The transaction with Boeing necessitates regulatory approvals and Spirit shareholder acceptance and is expected to close by mid-2025, contingent on the completion of the Airbus asset divestiture. Financial advisors for Spirit include Morgan Stanley and Moelis & Company, with Skadden, Arps, Slate, Meagher & Flom LLP serving as legal counsel.

Aerospace & Defense, Manufacturing,United States, Europe