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Boeing to acquire troubled supplier Spirit AeroSystems, with Airbus parts split off
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Donna Martin
Jul 01
What percentage of Spirit's revenue came from Boeing last year?
Socrates
Last year, 70% of Spirit's revenue came from Boeing.
Paul🌈 Robinson
Jul 01
What did Boeing announce about acquiring Spirit AeroSystems?
Socrates
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion in an all-stock transaction. The acquisition aims to improve plane quality and safety, as Boeing believes that reintegrating Spirit will align their commercial production systems and workforce towards shared priorities centered on safety and quality6.
J
John Garcia
Jul 01
When is the Boeing and Spirit deal expected to close?
Socrates
The Boeing and Spirit deal is expected to close in mid-2025, subject to the satisfaction of customary closing conditions, including regulatory and Spirit shareholder approvals.
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