Boeing & Spirit AeroSystem’s Merger: What’s The Latest?

US-based aerospace giant Boeing (NYSE: BA) is in the process of reacquiring Spirit AeroSystems in an all-equity deal valued at around $4.7 billion. This will allow the manufacturer to regain tighter control over a troubled supply chain, especially at the manufacturing line for the airline’s Boeing 737 family. This will simplify the operator’s accountability. Spirit AeroSystems shareholders will receive Boeing stock, not cash, through this transaction. In parallel, European aerospace giant Airbus will take over Spirit AeroSystems’ divisions that make parts for the European manufacturer.