Spirit AeroSystems agrees acquisition of CTRM's Subang facility
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This transaction was entered into following the previously announced merger agreement with Boeing and subsequent definitive agreement with Airbus. The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals and closing conditions being met.
Spirit AeroSystems' business in Subang is a world-class engineering and manufacturing business, which occupies 45 acres with 400,000 square-feet manufacturing footprint in Subang's Malaysian International Aerospace Centre and employs over 1,000 employees. The operation offers aerostructures assembly and services capabilities, and an integrated supply chain with access to advantaged, in-region material sourcing, best-cost skilled labour and scalability.
As a result of this transaction, CTRM will become an important supplier to Airbus for their A220, A320 and A350 programmes and to Boeing on the 737 and 787 programmes.
"Our agreement with CTRM for the acquisition of this important manufacturing facility ensures a strong future for this business as well as the regional stakeholders in Malaysia," said Irene Esteves, Spirit AeroSystems executive vice president and chief financial officer. "This also marks a milestone in the ongoing acquisition of Spirit by Boeing."
