According to various reports, Boeing will make a $4.08-billion offer comprised largely of stock to acquire the aircraft structures manufacturer. Neither Boeing nor Spirit AeroSystems has commented on the reported details of the takeover plan. Spirit AeroSystems is a business spun off from Boeing in 2005, and the current organization consists of operations collected from subsequent acquisitions, in North America, Europe, and northern Africa. One complication in finalizing the takeover offer has been Spirit AeroSystems’ role as a supplier of aircraft structures to Boeing’s chief rival, Airbus SA. The slowdown at Boeing has had add-on effects at Spirit Aero and other major suppliers, which has resulted in supply-chain problems for Airbus too.

Source: The North Africa Journal June 27, 2024 04:11 UTC