Airbus Scores $559M Compensation In Spirit AeroSystems Deal: Details
Portfolio Pulse from Shivani Kumaresan
Airbus SE has signed a binding term sheet with Spirit AeroSystems Holdings Inc for a potential acquisition of key production activities, including A350 fuselage sections and A220 components. The deal includes a $559 million compensation payment to Airbus and aims to stabilize supply chains for Airbus’s commercial aircraft programs. The agreement is part of a broader division of the supplier between Airbus and Boeing Co.
July 01, 2024 | 1:49 pm
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The agreement between Airbus and Spirit AeroSystems is part of a broader division of the supplier between Airbus and Boeing Co. Spirit is selling other parts of the company back to Boeing.
While Boeing is mentioned as part of the broader division of Spirit AeroSystems' supplier activities, the direct impact on Boeing's stock is less clear. The news is more relevant to Spirit AeroSystems and Airbus.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Spirit AeroSystems Holdings Inc has signed a binding term sheet with Airbus SE for a potential acquisition of key production activities, including A350 fuselage sections and A220 components. The deal includes a $559 million compensation payment to Airbus.
The deal is significant for Spirit AeroSystems as it involves a major transaction with Airbus, including a substantial compensation payment. This could positively impact Spirit AeroSystems' stock in the short term due to the strategic importance of the deal.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100