Boeing Acquires Spirit AeroSystems
Boeing acquires Spirit AeroSystems, one of its key suppliers, in an all-stock transaction valued at $4.7 billion to improve oversight and control of manufacturing operations. The deal marks a shift from Boeing's outsourcing strategy and aims to address quality control issues highlighted by recent incidents.
Key Points
- Boeing acquires Spirit AeroSystems in a $4.7 billion all-stock deal
- Deal aims to address quality control issues highlighted by recent incidents
- Spirit also supplies parts to Airbus, complicating negotiations
- Boeing advances Spirit $425 million to stabilize finances amid production slowdown
Pros
- Greater oversight and control of manufacturing operations
- Integration of engineering capabilities for safety and quality systems
Cons
- Complicated negotiations due to Spirit's supply to Airbus