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Spirit's primary competitors in the aerostructures market include Collins Aerospace, Kawasaki Heavy Industries, Leonardo, and Triumph Group. Spirit AeroSystems was established in 2005 when Boeing spun-off its Wichita division to an investment firm. Boeing entered into an agreement to re-acquire Spirit in July 2024 for $4.7 billion.
About 70% of Spirit AeroSystems' revenue last year came from work done for Boeing, according to Spirit's latest annual report. That is up from 60% two years earlier. That is up from 60% two years ...
WASHINGTON (Reuters) -Boeing agreed on Sunday to acquire Spirit AeroSystems for $37.25 per share, in an all-stock deal that values the supplier at more than $4 billion, according to two sources ...
Boeing 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 ...
Spirit AeroSystems, which is based in Belfast, Northern Ireland, was the aircraft's prime contractor and full-scale flight trials were planned for 2023. On 24 June 2022, the UK Ministry of Defence announced the cancellation of Project Mosquito, explaining that there were more beneficial capability and cost-effectiveness in smaller "additive ...
Spirit AeroSystems also occupies a small area of Samlesbury after the BAE Systems Aerostructures business was sold to Spirit AeroSystems in 2006. Spirit manufactures parts for the Airbus and other civil platforms at the site. [20] Aerial picture, April 2014. During 2006 BAE Systems transferred ownership of the site to its Pension Fund Scheme. [21]
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By David Shepardson, Allison Lampert (Reuters) -Spirit AeroSystems said Tuesday that planemaker Boeing will pay up to $350 million in advance payments to the firm, providing the struggling ...