Current:Home > reviewsBoeing announces purchase of Spirit AeroSystems for $4.7 billion in stock -ValueCore
Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock
View
Date:2025-04-15 03:50:04
ARLINGTON, 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.
veryGood! (9)
Related
- Trump wants to turn the clock on daylight saving time
- Elizabeth Holmes' fraud case is now in the jury's hands
- Transcript: Israeli Prime Minister Benjamin Netanyahu on Face the Nation, April 23, 2023
- Ultramarathon runner took third place – then revealed she had taken a car during the race
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Cars are getting better at driving themselves, but you still can't sit back and nap
- Women Tell All: All of the Most Shocking Moments from The Bachelor’s Big Reunion
- Stylist Law Roach Calls Out Lies and False Narratives in Apparent Retirement Announcement
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Ted Lasso's Nick Mohammed Sees No Reason Show Has to End With Season 3
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Josh Duhamel Shares Sweet Update on His and Fergie's 9-Year-Old Son Axl
- FAA toughens oversight of Boeing's 787 Dreamliner
- Debt collectors can now text, email and DM you on social media
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- My Holy Grail NudeStix Highlighter Is 50% Off Today Only: Here's Why You Need to Stock Up
- Opinion: Sea shanties written for the digital age
- Irma Olguin: Why we should bring tech economies to underdog cities
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Paris Hilton Hilariously Calls Out Mom Kathy Hilton for Showing Up “Unannounced” to See Baby Phoenix
Anzac Day message from Australia leader calls for bolstered military with eye on China
Review: 'Horizon Forbidden West' brings a personal saga to a primal post-apocalypse
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Elizabeth Holmes verdict: Former Theranos CEO is found guilty on 4 counts
Ultramarathon runner took third place – then revealed she had taken a car during the race
Lindsay Lohan Is Pregnant, Expecting First Baby With Husband Bader Shammas