Boeing agrees to buy fuselage maker Spirit AeroSystems in $4.7 billion deal
What was the issue identified in the Jan. 5 Boeing accident?
The issue identified in the Jan. 5 Boeing accident was a door plug blowing out mid-flight from a nearly new Boeing 737 Max 9 jet, which led to a fresh crisis for Boeing. The preliminary report from the National Transportation Safety Board indicated that the bolts holding the door plug in place were not attached to the Max 9 when it left Boeing's factory and was handed over to Alaska Airlines months before the accident4.
What is the total transaction value of the Boeing-Spirit deal?
The total transaction value of the Boeing-Spirit deal is approximately $8.3 billion, including Spirit's last reported net debt. The equity value of the acquisition is $4.7 billion, with Boeing paying $37.25 per share in an all-stock transaction.
How much will Boeing pay per share for Spirit?
Boeing will pay $37.25 per share for Spirit AeroSystems in an all-stock deal, valuing the company at $4.7 billion. The acquisition aims to improve safety and quality control within Boeing's supply chain, as both companies have struggled to address manufacturing flaws on Boeing's top-selling plane.