Seattle: Boeing is moving closer to finalizing its planned acquisition of Spirit AeroSystems, with a notice suggesting the deal could close as early as Monday. Trading of Spirit shares is expected to be suspended once the transaction is confirmed.
The deal, valued at about 4.7 billion dollars for Spirit’s equity, is part of a broader effort by Boeing to bring more control back into its supply chain. Spirit AeroSystems was originally part of Boeing until it was spun off in 2005. The company has since been a key supplier, including for parts of the 737 and 787 aircraft.
Regulatory approvals have already been granted. The United States Federal Trade Commission recently cleared the deal, but with conditions. Boeing must divest certain Spirit assets that supply Airbus aircraft and other programs in order to avoid unfair competition concerns. Some of these operations will now be transferred directly to Airbus, while others may go to separate buyers.
Reports have surfaced that Spirit facilities in several locations have already begun removing their old signage, with Boeing branding gradually taking its place. Final steps now involve completing asset transfers and meeting remaining legal and operational requirements.
Industry analysts say the merger could reshape global aircraft manufacturing. Boeing hopes the acquisition will help stabilize production after years of delays and supply challenges. Airbus, meanwhile, will take over assets that support its planes, bringing a portion of its supply chain under direct management.
If the final steps move smoothly, Boeing could formally complete the takeover before the end of the year.