Airbus

Spirit Aero to break up after Boeing accepts $4.7 billion stock deal

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By Tim Hepher, Shivani Tanna and Mike Stone (Reuters) – Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take over the supplier’s losing operations focused on Europe, sending shares in the top three companies to a split of rarely transatlantic. The nearly two-decade independence of the world’s … Read more

Boeing to buy troubled supplier Spirit AeroSystems, with Airbus parts spun off

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Two decades after Boeing sold its large aircraft subassembly plants in Wichita, Kan., and Tulsa, Okla., and created what became Spirit AeroSystems, the company announced late Sunday that it has reached an agreement to buy those Spirit core units and bring that work back home In a memo to Boeing employees Sunday night, CEO Dave … Read more