Boeing to Reunite with Spirit AeroSystems in $4.7B Deal, Pending EU Approval
Boeing has taken a significant step towards reuniting with its former subsidiary, Spirit AeroSystems, with a $4.7 billion acquisition deal. The move, which has already gained approval from British regulators, is set to face its final major hurdle with the European Union's pending decision.
Spirit AeroSystems, a major supplier of aircraft structures, has been building components for both commercial and military aircraft. These include fuselages for Boeing's 737 series, pylons, and wing components. The acquisition, announced in July 2024, aims to simplify Boeing's supply chain and improve production stability.
To address competition concerns, Boeing has proposed selling several Spirit units tied to Airbus programs and other customers. Airbus has agreed to take over Spirit's loss-making operations supporting its A220 and A350 aircraft, effectively splitting Spirit's work between the two major manufacturers. This move is expected to help address the EU's antitrust aspects and prevent market dominance.
The deal, which marks a key step towards bringing Spirit back under Boeing's control after two decades apart, is expected to win EU approval by October 14, 2025. However, specific conditions imposed by the EU have not been detailed in available sources.
Boeing's acquisition of Spirit AeroSystems, once approved by the EU, is set to reshape the aerospace industry's supply chain. By reintegrating Spirit, Boeing aims to improve quality and stabilize production. The deal, however, comes with conditions to address competition concerns, ensuring a fair playing field for all manufacturers.
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