Boeing acquiring major supplier

Monday, 01 Jul, 2024 0

Plane maker Boeing is bringing in-house one of its key manufacturing contractors.

Boeing has agreed a deal for $4.7bn to buy Spirit Aerosystems.

Spirit Aerosystems was previously a Boeing division but sold it two decades ago as part of a strategy to outsource functions.

Spirit Aerosystems at the center of the Boeing’s current problems.

It supplies fuselage and wing parts including the door panel that blew off mid-flight earlier this year.

Discussions to buy the company began just weeks after the January incident.

“By reintegrating Spirit, we can fully align our commercial production systems, including our safety and quality management systems,” said Boeing CEO Dave Calhoun.

The US Justice Department is set to charge Boeing with fraud.

Including debt, the total transaction cost of acquiring Spirit Aerosystems is about $8.3 billion.

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

Jet2.com is the UK’s third largest airline, flying from ten UK airports to more than 60 destinations across Europe and beyond....

Traveltek is the world-leading provider of online solutions for the travel trade, from consumer-facing websites to call centre applications. We...

Ensuring our guests have an unforgettable experience while sailing with us is paramount; however, your health and safety remains our...

Celebrating its 30-year anniversary in 2022, Regent Seven Seas Cruises® offers guests An Unrivaled Experience® with every luxury included. Carrying...

Travel specialists founded the company in 1999 as AC Tours. Since then we have grown and expanded to incorporate four...

Consisting of the three Maritime provinces of New Brunswick, Nova Scotia, and Prince Edward Island as well as Newfoundland and...

Virtuoso is the leading global network of agencies specializing in luxury and experiential travel, with more than 20,000 advisors. We...

Wonderful Indonesia Indonesia is a country blessed with countless wonders. What makes this country unique is its diverse culture and...

City Cruises is a leading operator of sightseeing, dining and charter services operating in London, York and Poole. We offer...

Welcome to Qatar Airways Qatar Airways is proud to be one of the youngest global airlines to serve all...

Destination British Columbia (Destination BC) is a Provincially funded, industry-led Crown corporation that supports a strong and competitive future for BC’s...