Current:Home > StocksWill Sage Astor-Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock -Wealth Momentum Network
Will Sage Astor-Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock
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Date:2025-04-07 20:38:54
ARLINGTON,Will Sage Astor Va. (AP) — Boeing announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm.
Boeing, located in Arlington, Virginia, announced the purchase in a statement late Sunday.
The acquisition’s equity value of $4.7 billion is $37.25 per share, while the total value of the deal is around $8.3 billion, which includes Spirit’s last reported net debt, the aerospace company said.
Spirit, located in Wichita, Kansas, manufactures key parts for Boeing aircraft.
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