Advancing UK Aerospace, Defence, Security & Space Solutions Worldwide

Aerospace

Boeing to acquire Spirit AeroSystems

Spirit AeroSystems today announced it has entered into a definitive merger agreement under which The Boeing Company will acquire Spirit for $37.25 per share in Boeing common stock, representing an equity value of around $4.7 billion and an enterprise value of approximately $8.3 billion (including Spirit's last reported net debt).

Image courtesy Spirit AeroSystems

The price of $37.25 per share represents a 30% premium to Spirit's closing stock price of $28.60 on 29th February 2024, the day before Spirit and Boeing issued press releases confirming they were in discussions regarding a potential transaction.  

"After carefully evaluating Boeing's offer to combine, we are confident this transaction is in the best interest of Spirit and its shareholders and will benefit Spirit's other stakeholders," said Patrick M. Shanahan, President and Chief Executive Officer of Spirit. "Bringing Spirit and Boeing together will enable greater integration of both companies' manufacturing and engineering capabilities, including safety and quality systems."

Advertisement
Teledyne

Spirit also announced today that it entered into a binding term sheet with Airbus SE. Under the term sheet, the parties will continue to negotiate in good faith to enter into definitive agreements for Airbus to acquire certain Spirit assets that serve Airbus programmes, concurrently with the closing of Spirit's acquisition by Boeing.  

Shanahan continued: "We are proud of the part we have played in Airbus' programmes and believe bringing these programmes under Airbus ownership will enable greater integration and alignment."

The definitive merger agreement with Boeing and the term sheet with Airbus were unanimously approved by the Spirit Board of Directors. The closing under the definitive merger agreement with Boeing is subject to the completion of the divestiture of the Airbus businesses by Spirit and is subject to other closing conditions, including approval of the definitive merger agreement by Spirit shareholders and receipt of regulatory approvals.

The closing of the Airbus transaction - if a definitive agreement for the Airbus transaction is entered into with Airbus - will be subject to the substantially concurrent closing of the Boeing acquisition of Spirit and will be subject to other closing conditions, including the receipt of regulatory approvals. The closings of these transactions are expected to occur in mid-2025.

Advertisement
Gulfstream RT

In addition, Spirit plans to pursue the divestiture of certain operations. These include Spirit's business and operations in Subang, Malaysia, Prestwick, Scotland that support Airbus programmes and Belfast, Northern Ireland, other than those that support Airbus programmes.

Dave Calhoun, President and CEO, Boeing, said: "By once again combining our companies, we can fully align our commercial production systems, including our Safety and Quality Management Systems and our workforce to the same priorities, incentives and outcomes – centred on safety and quality. This is an opportunity to bring back critical airplane manufacturing work on Boeing airplanes into our factories – where Boeing and Spirit world-class engineers and mechanics can work seamlessly together, focused on a common mission to build safe and quality airplanes for our customers."

Spirit AeroSystems is one of the world's largest manufacturers of aerostructures for commercial airplanes, defence platforms and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company's core products include fuselages, integrated wings and wing components, pylons, and nacelles. Spirit also serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the US, UK, France, Malaysia and Morocco.

Advertisement
Cranfield University
Flights increase as summer hots up

Aerospace

Flights increase as summer hots up

18 July 2025

UK air traffic in June increased by 2.5% on the same month last year as NATS, the UK’s major provider of air traffic services, safely handled 237,215 flights, up more than 2,600 on May.

ZeroAvia granted patents for hydrogen-electric engine development

Aerospace

ZeroAvia granted patents for hydrogen-electric engine development

17 July 2025

ZeroAvia today announced it has been awarded nine new patents this year so far, with many critical to the company’s roadmap for scaling hydrogen-electric engines for large regional aircraft.

BBGA co-hosts Isle of Man Aviation Conference

Aerospace

BBGA co-hosts Isle of Man Aviation Conference

17 July 2025

For the first time, the British Business General Aviation Association (BBGA) joined Martyn Fiddler as joint hosts of the 13th Isle of Man Aviation Conference, bringing together 120 business aviation delegates at Douglas’ Villa Marina venue.

Flying to become more accessible for disabled people

Aerospace

Flying to become more accessible for disabled people

16 July 2025

An industry and consumer expert group, tasked by the UK Government to advise on how to make flying more accessible for disabled people, has unveiled its suite of recommendations today.

Advertisement
Gulfstream RT
Doncasters expands Groton site with new shell line

Aerospace

Doncasters expands Groton site with new shell line

15 July 2025

Doncasters today announced the successful commissioning of a brand-new, fully automated shell line, at its Groton facility in the US - a major milestone within its 2025 Performance Improvement Plan and a key advancement in the company’s long-term manufacturing strategy.

ZeroAvia and Horizon Aircraft to explore hydrogen eVTOL propulsion

Aerospace

ZeroAvia and Horizon Aircraft to explore hydrogen eVTOL propulsion

15 July 2025

ZeroAvia and Horizon Aircraft today announced plans to work together on developing regional hydrogen-electric VTOL air travel.

Advertisement
DSEI 2025