Reported 12 months ago
Boeing has agreed to purchase Spirit AeroSystems for over $4 billion in an all-stock deal, ending discussions that aim to alleviate a safety crisis faced by the U.S. planemaker. The acquisition, valuing Spirit at about $4.7 billion, will involve a breakup of the company, with certain assets moving to Airbus. The deal comes as Boeing grapples with safety and quality issues following incidents like the 737 MAX grounding and is seeking to revamp its safety standards and production practices.
Source: YAHOO