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Tag: Spirit

Spirit Aero chief in spotlight as Boeing searches for new CEO

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 […]

Spirit Aero chief in spotlight as Boeing searches for new CEO

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 […]

How jetmakers divided up struggling supplier Spirit AeroSystems

By Mike Stone, Tim Hepher and Abhijith Ganapavaram WASHINGTON (Reuters) – Hashed out in three-way talks between plane giants and one of their key suppliers, Boeing’s $4.7 billion deal to buy back Spirit AeroSystems is a rare triangular deal born out of crisis. The merger, variously code-named “Sphere” and “Sparrow,” had been in the making […]

Boeing agrees €4.4bn deal to repurchase Spirit AeroSystems

Boeing has agreed to buy back Spirit AeroSystems for $4.7 billion (€4.4 billion) in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities, sending shares in all three companies higher in a rare transatlantic break-up. The near-two-decade independence of the world’s largest standalone aerostructures company ended in a carve-up between its largest […]

Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock

ARLINGTON, Va. (AP) — Boeing announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm, which already was part of the aerospace company’s manufacturing chain. 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 […]

Airbus says to get $559 million compensation under Spirit Aero deal

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 to buy Spirit Aero in $4.7 billion deal after months of talks

-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 […]

Three decades of spirit, mind and body fairs in Topeka

TOPEKA (KSNT) – For the past 30 years, the Sacred Circle Spiritual Center has hosted a spirit, mind, and body fair. But Sunday, June 30, was the first one in their new location at the West Ridge Mall. The fair was filled with vendors doing readings, massages and selling home goods, jewelry, incense and more. […]