Boeing To Buy Spirit AeroSystems For $4.7B In Stock

An agreement has been reached. Boeing will purchase Spirit AeroSystems in an all-stock transaction, which would value the major supplier at $37.25 per share. At the same time, Airbus and Spirit have entered into a separate agreement for the latter to divest its Airbus-related sites.
Article: simpleflying.com/boeing-buy-s...
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[@jebediah2408]

Some random news article (WDRB news) - "BOEING is buying stressed supplier SPIRIT."
"It previously owned SPIRIT airlines at one time"

[@RM6737]

"I journalismed today!"

[@smoketinytom]

Huh, seems like 12 News is repeating that article in their YT Title.

[@michaelsloan9085]

What they should say is buying it back...they owned it previous to spinning it off.

[@mikehindson-evans159]

Yeah, ain't capitalism great. In fairness, Spirit were then free to grow in other markets and picked up significant business building bits of Airbus aircraft (which is now being unwound separately to the Boeing exit).

[@user-yc2oz8kc5k]

Boeing selling spirit was like you selling one of your organs. Thankfully they have bought it back.

[@arofhoof]

"Boeing selling spirit was like you selling one of your organs. Thankfully they have bought it back."
Spirit has no problem producing quality parts to airbus and the 737max door mistake came from boeing..

[@hungo7720]

Boeing is better off reinforcing the supply chain by amalgating Spirit amid tainted reputation following the 737 max fallout.

[@ikea_wizard]

Okay Boeing has bought back spirit aero systems, now what? This doesn't solve the underlying problems. There is much work ahead of the company in the coming years.

[@markiangooley]

The name Spirit makes me think of drinking lots of distilled alcohol, considering the sloppiness and its unfortunate consequences associated with the company.

[@ErraticPT]

Makes me think more of all the lives lost to their slapdash approach to safety.

[@cskvision]

Boeing charged with FUI, Flying Under the Influence.

[@alext3811]

Or you know Spirit Airlines.

[@crypton7572]

Spirit airlines

[@mikehindson-evans159]

@markiangooley I think the idea was that "Spirits will fly/soar".
Back down to earth.

[@damsom1431]

Cannot believe i actually say. this but this is first good decision boeing make to be good again one day

[@emaheiwa8174]

RIP Spirit ☠️

[@stankythecat6735]

LOL! You aren’t wrong about that

[@rodrigogoncalves6165]

Can anyone explain to me the deal between Airbus and Spirit?

[@YoyoZee]

All of the production facilities Spirit used to make bits for Airbus are being bought by Airbus for $1 AND Airbus is being paid $559 million by Spirit/Boeing to buy them.

[@rodrigogoncalves6165]

@@YoyoZee so Airbus is being paid to buy something?

[@YoyoZee]

@@rodrigogoncalves6165 yep

[@johncassels3475]

@@rodrigogoncalves6165 Compensation for disruption to it's production pipe-line - in other words, by acquiring Spirit Airbus will incur some costs - these are offset by the payment from Spirit.

[@thetoptrump1000]

​@rodrigogoncalves6165 yes because it's loss making.

[@cjever6625]

Who will get the counterfeit titanium?

[@cabottaxi]

Aeroflot.

[@AlfCalson]

✈️

[@sportsMike87]

Great…. more ways for Boeing to slack on quality

[@eduardodaquiljr9637]

Aliens will cry!

[@eliasgould2980]

hi

[@TheChiefEng]

What safety and quality systems?
Boeing actually have safety and quality systems?

[@youseflatif796]

Well they are pretty much forced to after the problems.

[@dw8931]

Boeing, Airbus and Bombardier all are buying parts from Spirit Aerosystems. Yet only Boeing seems to have the quality issues. I wonder if the other two are just better at covering things up or if they are able to detect faulty items better than Boeing.

[@Tpr_1808]

They've got separate sites that are run differently

[@user-yt198]

Nobody is covering up anything. Boeing wasn't covering up either. They just rushed production and skipped quality control. When you do decent quality control, you catch possible quality issues.

[@jgnclvgmng5408]

The bad blood between both was outstanding. Boeing mugged and tricked Spirit into losing money for years with the 787 deals. Most people at Spirit should have felt that in their skin.

[@crypton7572]

no cover up, just boeing doing boeing things

[@kalamarspinner]

Where in heavens name are they getting the money from?

[@wyoboatman]

Watch the video smh

[@muhammadishmamabdullah5347]

Boeing buys Ex-Boeing company 😆

[@Luke_Go]

and yet another billion dollar mistake by Boeing.

[@jgnclvgmng5408]

Not the last one either.

[@GoatTheGoat]

Boeing has no clue what it is doing.

[@commerce-usa]

It was the only acceptable way to handle the mess Boeing created when they originally devested the unit.