Boeing acquires Spirit AeroSystems for $4.7 Billion to boost aircraft safety

Chartered Institute of Logistics and Transport - Aerospace company, Boeing, has announced an agreement to reacquire Spirit AeroSystems in an all-stock transaction equity value of $4.7 billion, or $37.25 per share. The total transaction value is approximately $8.3 billion, including Spirit's last reported net debt. Spirit AeroSystems was originally part of Boeing until 2005, Boeing sold its Wichita, Kansas, and Tulsa, Oklahoma facilities to the Onex Corporation who then established the independent aerostructure supplier. Boeing believe this deal will support supply chain stability and their critical manufacturing workforce, prov...