Moving the fuselage maker in-house — Boeing sold the business nearly two decades ago — is seen asThe definitive agreement announced Monday, an all-stock deal valued around $8.3 billion including debt, has been in the works for months.What they're saying:
Boeing's sale of what would become Spirit in 2005 was a deal that never should have happened in the first place, Ron Epstein, senior aerospace and defense analyst at BofA Securities, wrote in a note Monday. Spirit's quality control issues in recent years had become serious enough that Boeing has had to step in to help,Completing the deal now would "be critically important to ensure smoother production for the 737 and safeguard the 787-ramp up," he continues.The deal is subject to customary closing conditions, including regulatory approvals.
The deal is expected to close mid next year and is conditioned upon Airbus acquiring certain loss-making Spirit plants that make major sections of the European jet maker's A350 and A220 planes, The Seattle TimesShare on linkedin
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