ARLINGTON, Va. -- Boeing on Sunday announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice.
Arkansas Democrat-Gazette's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
If approved by US regulators, the agreement would reunite Boeing with the Wichita-based production facilities it spun off in 2005 in a bid to lower costs.
Airbus is also expected to announce that it’s taking control over some Spirit factories that make structures and components for its commercial aircraft.
By David Goldman, CNN New York (CNN) — Boeing has agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation. The all-stock deal, that values the supplier at $4.7 billion, or $37.
ARLINGTON, Va. (AP) — Boeing announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm. Boeing…
Boeing announced a deal to reacquire parts supplier Spirit AeroSystems for $4.7 billion as the plane manufacturer moves to strengthen control of its supply chain.
Boeing agreed to buy Spirit AeroSystems, the Kansas-based supplier that makes fuselages for the 737 Max jet, in a deal intended to improve quality after a midair door plug blowout.
Boeing agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation.
Boeing is set to take subcontractor Spirit back into its fold, stepping away from its longtime strategy of outsourcing key parts of its passenger airplanes.
Boeing has agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s
Boeing, which previously owned Spirit, said bringing the supplier back into its fold would improve plane quality and safety, which has come under scrutiny.
The multibillion-dollar deal will reverse a decision the plane maker made two decades ago to outsource production of key parts to independent suppliers.
Boeing announced plans to buy back the bulk of supplier Spirit AeroSystems for $4.7 billion, and Airbus said it would purchase Spirit operations related to the European aerospace giant.
Boeing will be purchasing Spirit AeroSystems for $4.7 billion, or $37.25 per share, as the plane manufacturer looks to address safety issues sparked by a mid-air blowout at the beginning of the year.
Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities, sending shares in all three companies higher in a rare transatlantic break-up.
Showing the first 25 of 31 headlines. ·
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
