By Rajesh Kumar Singh CHICAGO (Reuters) – Boeing’s long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the planemaker’s search for a new CEO. Boeing has been looking for a new head after Dave Calhoun said in March he would step down by year-end, in […]
By Rajesh Kumar Singh CHICAGO (Reuters) – Boeing’s long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the planemaker’s search for a new CEO. Boeing has been looking for a new head after Dave Calhoun said in March he would step down by year-end, in […]
PARIS (Reuters) – Europe’s Airbus on Monday set out the terms under which it plans to buy certain loss-making activities of Spirit AeroSystems as part of a planned wider break-up of the supplier between Airbus and rival Boeing. The deal involves Airbus taking over work at loss-making plants that supply key parts for its A220 […]
-Boeing said on Monday it would buy its struggling supplier Spirit AeroSystems in a $4.7 billion all-stock deal which was finalized after months of talks, as the aerospace giant tries to solve a full-blown safety and regulatory crisis that has engulfed its key supplier as well. The total transaction value is about $8.3 billion, including […]
WICHITA, Kan. (KSNW) — Reuters reports that Boeing has agreed to buy Spirit Aero for $4.3 billion, according to its sources. Reuters sources say Boeing will pay $37.25 per share for Spirit Aero in an all-stock deal, $2.25 more than Bloomberg News reported Tuesday. The Boeing and Spirit boards met on Sunday and agreed to […]
(Bloomberg) — Boeing Co. agreed Sunday to purchase Spirit AeroSystems Holdings Inc. for $37.25 per share in an all-stock deal that values the company at $4.7 billion, according to people with knowledge of the transaction. Most Read from Bloomberg The US planemaker also plans to assume about $3.5 billion of Spirit’s debt as part of […]
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 familiar with the matter. The boards of Boeing and Spirit met on Sunday and agreed to terms of the deal, the sources said. An […]
PARIS (Reuters) – Airbus is poised to take over all or part of the operations of four Spirit AeroSystems plants as part of an impending deal that involves a carve-up of the U.S.-based aerostructures maker with Boeing, industry sources said. As expected, the two main plants involved in the transfer to Airbus are Kinston, North […]
(Reuters) -Boeing has offered to acquire Spirit AeroSystems Holdings in a deal funded mostly by stock that values its key supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter. This offer represents a premium of nearly 6% over Spirit’s stock closing price of $33.07 on Monday and […]
(Reuters) -Boeing has offered to acquire Spirit AeroSystems Holdings in a deal funded mostly by stock that values its key supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter. This offer represents a premium of nearly 6% over Spirit’s stock closing price of $33.07 on Monday and […]
By Mike Stone, Allison Lampert and Tim Hepher (Reuters) – Boeing is nearing a deal to buy back Spirit AeroSystems after its former subsidiary made substantial progress in separate talks with Airbus over a transatlantic breakup of the struggling supplier, people familiar with the matter said on Thursday. Boeing initiated talks earlier this year to […]
(FOX40.COM) — In just a few hours, the Aero Fire became one of the largest in California this year, prompting the evacuation of communities near Copperopolis in Calaveras County. The blaze started on Monday afternoon around 3:20 p.m. just north of Copperopolis, near the intersection of Rock Creek Road and Highway 4, on a day […]