Boeing Completes Acquisition of Spirit AeroSystems
- Transaction underscores commitment to aviation safety and airplane quality while strengthening commercial production and supply chain stability
- Major operations align under Commercial Airplanes, aftermarket aligns under Global Services, defense programs to operate independently
- Spirit Defense established to ensure continuity for teammates, uninterrupted support for
U.S. defense and space programs
"This is a pivotal moment in Boeing's history and future success as we begin to integrate Spirit AeroSystems' commercial and aftermarket operations and establish Spirit Defense," said
Boeing's acquisition includes all of Spirit's Boeing-related commercial operations, including fuselages for the 737 program and major structures for the 767, 777 and 787 Dreamliner. It also includes commercially procured fuselages for the P-8 and KC-46.
The transaction also brings Boeing's largest supplier of spare parts in house, expands Boeing's global maintenance, repair and overhaul services footprint and adds to Boeing's rotable, lease, and exchange portfolio with Spirit's aftermarket businesses.
Spirit Defense will continue to support its customers as an independent supplier to the defense industry to ensure uninterrupted support for its customers. It will act as a non-integrated subsidiary of Boeing Defense, Space & Security, aligning for financial reporting and select enterprise functional and site support, but maintaining independent governance and operations.
In addition, portions of Spirit AeroSystems' operations in
Spirit AeroSystems' commercial and aftermarket operations in
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"Today's announcement is a great recognition of the world-class talent we have in
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Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include statements relating to the anticipated benefits and synergies of the acquisition, Spirit's future operations, and the impact of the acquisition on our business and future financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and we undertake no obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, our ability to successfully integrate Spirit's business and realize anticipated synergies, and other important factors disclosed previously and from time to time in our reports filed with the Securities and Exchange Commission.
Boeing Media Relations
[email protected]
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SOURCE Boeing
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