Reported 12 months ago
Boeing has announced the re-acquisition of Spirit AeroSystems in an all-stock deal valued at $4.7 billion, including Spirit's debt, estimated at $8.3 billion. Spirit, a Kansas-based company, manufactures plane parts, and is one of Boeing's primary suppliers. The move comes after reports of Boeing looking to improve its finances following safety issues with its 737 Max planes, leading to a significant loss in revenue. Boeing President and CEO Dave Calhoun stated that the deal is in the best interest of all stakeholders involved.
Source: YAHOO