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Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier's loss-making Europe-focused activities, sending shares in all three companies higher in a rare transatlantic break-up.
Boeing is bringing key supplier Spirit AeroSystems back under its wing. Why it matters: Moving the fuselage maker in-house — Boeing sold the business nearly two decades ago — is seen as a necessary step to correct quality-control issues that have plagued both companies.
Boeing agreed to acquire Sprit Aero for $37.25 a share in stock. The deal values Spirit at about $8 billion, including the company’s debt.
Boeing plans to acquire Spirit AeroSystems for $4.7 billion, aiming to improve aircraft quality and safety amid increased oversight from Congress, airlines, and the Department of Justice. “We believe this deal is in the best interest of the flying public,
Key Takeaways Boeing agreed to reacquire Spirit AeroSystems for $4.7 billion as the troubled plane manufacturer moves to strengthen control of its supply chain.Spirit makes fuselages for Boeing's 737 family of planes,
CNBC's Phil LeBeau joins 'Squawk Box' to report on Boeing as the plane maker announces plans to buy fuselage maker Spirit AeroSystems in a $4.7 billion deal.
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airplane parts supplier Spirit AeroSystems (NYSE:SPR) is trending, and SPR
Boeing said in March that it was in talks to acquire fuselage maker Spirit AeroSystems. The deal comes after a big leadership shake-up at Boeing and a midflight door panel blowout that sparked a fresh safety crisis.
Boeing Co. agreed to buy back Spirit AeroSystems Holdings Inc. for $37.25 a share in an all-stock deal that values the supplier at $4.7 billion, unwinding
Boeing announced plans to acquire key Wichita-based Spirit AeroSystems for $4.7 billion ($37.25 per share). Yahoo Finance
Boeing will reverse the 2005 spin-off of this critical division and will need to stabilize production at multiple facilities.
Boeing will buy Spirit for $4.7 billion in stock as it looks to improve the safety and quality of its airplanes. Here's what you need to know.
Boeing reaches deal to buy back aircraft plant it sold in 2005 cost-cutting move, will be Wichita’s No. 1 employer again.
Under an all-stock transaction worth $4.7 billion, Boeing will bring back in house a key supplier that it had spun off nearly two decades ago. Spirit, which also builds major airplane parts for Airbus,
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by
Boeing announced plans in March to re-buy Spirit AeroSystems. The company was originally spun off in 2005 but still makes major parts of several Boeing models, including the fuselages for the 7-37 Max.
Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities, sending shares in all three companies higher in a rare transatlantic break-up.
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice.