Boeing says to buy subcontractor Spirit for $4.7 billion
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Boeing announced that it will buy its subcontractor Spirit in an all-stock transaction valued at approximately $4.7 billion. The deal aims to align their commercial production systems, safety and quality management systems, and workforce. Spirit AeroSystems builds fuselages and other parts for both Airbus and Boeing, with Boeing being its biggest customer. The two companies have faced scrutiny over production quality control since a near-catastrophic incident in January involving a 737 MAX. The acquisition is seen as being in the best interest of the flying public, airline customers, employees, shareholders, and the country. The deal was announced by Boeing President and CEO Dave Calhoun.

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https://www.legit.ng/business-economy/economy/1599891-boeing-buy-subcontractor-spirit-47-billion/