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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 ...
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. Most of the company's other ...
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 facilities in Northern Ireland manufacture the composite wings and mid-fuselage for the Airbus A220 (formerly the Bombardier C-Series), alongside parts for Bombardier Aviation business jets (including the centre fuselage of the Challenger 350, centre fuselage and engine nacelles of the Challenger 650, the forward fuselage ...
Spirit paid £80,000,000 (equivalent to £150,877,479 in 2023) for the business. [10] In 2009, Spirit opened a plant in Subang, Malaysia out of a need for expansion and to take pressure off the Prestwick facility. [11] Spirit opened a composites manufacturing facility in Kinston, North Carolina on July 1, 2010, to build sections of the Airbus ...
“The price of $37.25 per share represents a 30% premium to Spirit’s closing stock price of $28.60 on February 29, 2024, the day before Spirit and Boeing issued press releases confirming they ...
For its part of the deal, Boeing pays $4.7 billion in stock, or $37.25 per share, and also takes on Spirit’s net debt of about $3.6 billion. Meanwhile Spirit will pay Airbus $559 million to take ...
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 ...