Boeing To Acquire Spirit Aerosystems For $4.7B After Months Of Negotiations
Portfolio Pulse from Benzinga Neuro
Boeing Co. (NYSE:BA) has announced the acquisition of Spirit AeroSystems Holdings Inc (NYSE:SPR) in a $4.7 billion all-stock deal. The acquisition aims to address safety and regulatory challenges faced by Spirit, Boeing's key supplier. The total transaction value, including Spirit’s net debt, is approximately $8.3 billion. The deal is expected to close in mid-2025. Airbus (OTC:EADSF) will acquire certain commercial work packages from Spirit as part of the merger.
July 01, 2024 | 6:07 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Boeing's acquisition of Spirit AeroSystems for $4.7 billion is a strategic move to address safety and regulatory challenges. The deal is expected to close in mid-2025.
The acquisition is a significant strategic move for Boeing to resolve ongoing issues with its supplier, which could improve its operational stability and market position.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Airbus will acquire certain commercial work packages from Spirit AeroSystems as part of the Boeing-Spirit merger.
Airbus acquiring work packages from Spirit AeroSystems could enhance its operational capabilities and market position, leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Spirit AeroSystems will be acquired by Boeing in a $4.7 billion all-stock deal. The acquisition aims to address safety and regulatory challenges faced by Spirit.
The acquisition by Boeing is likely to stabilize Spirit AeroSystems' operations and address its regulatory challenges, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100