Boeing Closes Spirit Acquisition, Combining Global Commercial And Aftermarket Operations

Benzinga

Boeing completed its acquisition of Spirit AeroSystems, bringing major fuselage and component production for the 737, 767, 777, and 787 back in-house. Spirit’s commercial sites will be integrated into Boeing, while defense operations continue independently with limited alignment.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Boeing said it completed its acquisition of Spirit AeroSystems, according to a company press

00:07release. The deal will integrate Spirit's commercial and aftermarket businesses into

00:12Boeing's aircraft and services operations. The deal brings production of 737 fuselages

00:17and major structures for the 767, 777, and 787 in-house, expands Boeing's maintenance and repair

00:25footprint and adds Spirit's spare parts and aftermarket portfolio. Spirit Defense will

00:31remain an independent defense supplier while aligning with Boeing Defense, Space and Security

00:36for financial reporting and limited functional support. Boeing acquired portions of Spirit's

00:42Belfast operations, which will operate as an independent subsidiary called Short Brothers.

00:47Spirit's sites in Wichita, Dallas, Tulsa and Scotland will integrate into Boeing, bringing

00:51about 15,000 employees into the company. For all things money, visit Benzinga.com.

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