Current:Home > MarketsBoeing announces purchase of Spirit AeroSystems for $4.7 billion in stock -WorldMoney
Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock
View
Date:2025-04-19 18:18:31
ARLINGTON, Va. (AP) — Boeing announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm.
Boeing, located in Arlington, Virginia, announced the purchase in a statement late Sunday.
The acquisition’s equity value of $4.7 billion is $37.25 per share, while the total value of the deal is around $8.3 billion, which includes Spirit’s last reported net debt, the aerospace company said.
Spirit, located in Wichita, Kansas, manufactures key parts for Boeing aircraft.
veryGood! (6)
Related
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- NHL reinstates Bowman, Quenneville after being banned for their role in Blackhawks assault scandal
- Luke Wilson didn't know if he was cast in Kevin Costner's 'Horizon'
- Hurricane Beryl takes aim at southeastern Caribbean as a powerful Category 3 storm
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- California to bake under 'pretty intense' heat wave this week
- Can you get the flu in the summer? Your guide to warm weather illnesses
- Visiting a lake this summer? What to know about dangers lurking at popular US lakes
- The White House is cracking down on overdraft fees
- Where Is Desperate Housewives' Orson Hodge Now? Kyle MacLachlan Says…
Ranking
- Average rate on 30
- Hurricane Beryl makes landfall as extremely dangerous Category 4 storm lashing Caribbean islands
- Hurricane Beryl takes aim at southeastern Caribbean as a powerful Category 3 storm
- Who was Nyah Mway? New York 13-year-old shot, killed after police said he had replica gun
- 2025 'Doomsday Clock': This is how close we are to self
- Harrisburg, Tea, Box Elder lead booming South Dakota cities
- Ford, Volkswagen, Toyota, Porsche, Tesla among 1M vehicles recalled: Check car recalls here
- Ford, Volkswagen, Toyota, Porsche, Tesla among 1M vehicles recalled: Check car recalls here
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
US Olympic track and field trials: Winners and losers from final 4 days
Defense witnesses in Sen. Bob Menendez's bribery trial begin testimony
Pat Tillman's Mom Slams ESPYs for Honoring Divisive Prince Harry in Her Son's Name
Former Danish minister for Greenland discusses Trump's push to acquire island
Man critically injured after shark attack in northeast Florida
2024 French election begins, with far-right parties expected to make major gains in parliament
Simone Biles and Suni Lee Share Why 2024 Paris Olympics Are a Redemption Tour