Boeing to acquire Spirit AeroSystems for $4.7bn

At $37.25 per share, the agreement represents an enterprise value of approximately $8.3bn, which includes Spirit’s last reported net debt.

The companies confirmed they were in talks about a potential merger in March, 2024. 

“After carefully evaluating Boeing’s offer to combine, we are confident this transaction is in the best interest of Spirit and its shareholders, and will benefit Spirit’s other stakeholders,” Patrick M. Shanahan, president and CEO of Spirit, said in a statement. “Bringing Spirit and Boeing together will enable greater integration of both companies’ manufacturing and engineering capabilities, including safety and quality systems.”

Spirit also announced today that it entered a binding term sheet with Airbus. Under the term sheet, the companies will continue to negotiate entering into definitive agreements for Airbus to acquire certain Spirit assets that serve Airbus programs. 

The closing under the definitive merger agreement with Boeing is subject to the completion of the divestiture of the Airbus businesses by Spirit and is subject to other closing conditions, including approval of the merger by Spirit shareholders and receipt of regulatory approvals.