Spirit AeroSystems Shareholders Approve Acquisition by Boeing
Deal News | Jan 31, 2025 | EIN
In a significant development, shareholders of Spirit AeroSystems Holdings have approved the acquisition by The Boeing Company in a special meeting. Despite a challenging year, Boeing's $4.7 billion stock offer for Spirit AeroSystems is moving forward, with the transaction expected to be finalized in the summer. Spirit AeroSystems, a key supplier based in Wichita, will continue its operations independently until the deal is closed. Spirit CFO Irene Esteves emphasized that the merger is a carefully planned transition that aligns with the company’s core principles of safety, compliance, and quality.
Sectors
- Aerospace & Defense
- Mergers & Acquisitions
Geography
- United States – The transaction involves major U.S.-based companies, Boeing located in Chicago and Spirit AeroSystems in Wichita, Kansas.
Industry
- Aerospace & Defense – The aerospace and defense industry is involved because Boeing and Spirit AeroSystems are key players in aircraft manufacturing and supply.
- Mergers & Acquisitions – The industry of Mergers & Acquisitions is relevant due to the nature of the transaction and the acquisition of Spirit AeroSystems by Boeing.
Financials
- 4.7 billion – The value of Boeing's offer to acquire Spirit AeroSystems in a stock deal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Spirit AeroSystems | Target Company | Company | Spirit AeroSystems is a major supplier in the aircraft manufacturing industry, specializing in aero-structures. |
| The Boeing Company | Bidding/Buyer Company | Company | Boeing is one of the world's largest aerospace companies and a leading manufacturer of commercial jetliners. |
| Irene Esteves | Chief Financial Officer at Spirit AeroSystems | Person | Irene Esteves is the CFO responsible for financial operations at Spirit AeroSystems during the transition. |