Summary by Moomoo AI
Boeing Company, under the leadership of President and CEO Dave Calhoun, has announced a definitive agreement to acquire Spirit AeroSystems. The acquisition, announced on July 1, 2024, is aimed at aligning commercial production systems, enhancing safety and quality management, and integrating Spirit's operations into Boeing's. The deal includes Spirit's Boeing-related commercial operations and additional commercial, defense, and aftermarket operations. Boeing is committed to ensuring continuity for Spirit's customers and programs, including those related to U.S. Department of Defense missions. The transaction is expected to close by mid-2025, subject to regulatory and Spirit shareholder approvals, and the sale of Spirit operations related to certain Airbus commercial work packages. The acquisition is seen as a significant step in Boeing's commitment to aviation safety and quality. The companies will remain independent until the necessary regulatory approvals are secured.