Boeing has agreed to buy Spirit AeroSystems in a deal valuing the airline supplier at $4.7bn, after months of negotiations that involved the US aircraft maker as well as its European arch-rival Airbus, according to people briefed on the matter.
The deal, which values the supplier at about $37.25 per share, will bring Spirit back under Boeing’s wing after two decades apart. Boeing had spun off the parts builder in 2005 but remained its biggest customer.
Spirit clinched a deal with Boeing after it reached a separate agreement with Airbus, with the European group taking over parts of the aerospace supplier’s work on some of its own key aircraft programmes.