The deal between Boeing and Spirit AeroSystems comes at a time when the American aerospace giant is facing intense scrutiny from Congress and the US Justice Department.
Hours after news broke that the US Justice Department plans to charge Boeing with criminal fraud for violating a 2021 deferred-prosecution agreement, Boeing announced a $4.7 billion plan to buy back Spirit AeroSystems, a major fuselage supplier it sold two decades ago.The merger, valued at approximately $8.3 billion, involves an all-stock transaction with Spirit shareholders receiving Boeing shares.
Besides its work for Boeing, Spirit makes components for other aerospace companies including Airbus, Bombardier, Lockheed Martin, Northrop Grumman and Rolls-Royce.As part of the deal, Boeing archrival Airbus will receive some parts of Spirit that make components specifically for the European planemaker. Airbus also stands to get $559 million in compensation.'Safety concerns'The deal between Boeing and Spirit comes at a time when the U.S.
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