Current:Home > InvestBoeing announces purchase of Spirit AeroSystems for $4.7 billion in stock-InfoLens
Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock
View Date:2024-12-23 11:30:51
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! (52)
Related
- New York races to revive Manhattan tolls intended to fight traffic before Trump can block them
- California inferno still grows as firefighters make progress against Colorado blazes
- For Marine Species Across New York Harbor, the Oyster Is Their World
- Netflix announces release date for Season 2 of 'Squid Game': Everything you need to know
- Mike Tyson impresses crowd during workout ahead of Jake Paul fight
- Lululemon's 'We Made Too Much' Section is on Fire Right Now: Score a $228 Jacket for $99 & More
- Utah’s near-total abortion ban to remain blocked until lower court assesses its constitutionality
- An assassin, a Putin foe’s death, secret talks: How a sweeping US-Russia prisoner swap came together
- Pie, meet donuts: Krispy Kreme releases Thanksgiving pie flavor ahead of holidays
- World record watch? USA hurdler Grant Holloway seeks redemption in Paris
Ranking
- Texas’ 90,000 DACA recipients can sign up for Affordable Care Act coverage — for now
- Tulsa commission will study reparations for 1921 race massacre victims and descendants
- The Daily Money: Scammers pose as airline reps
- Justice Department sues TikTok, accusing the company of illegally collecting children’s data
- Veterans face challenges starting small businesses but there are plenty of resources to help
- Trump election subversion case returned to trial judge following Supreme Court opinion
- Meet the painter with the best seat at one of Paris Olympics most iconic venues
- Justice Department sues TikTok, accusing the company of illegally collecting children’s data
Recommendation
-
Bankruptcy judge questioned Shilo Sanders' no-show at previous trial
-
Why Kendall Jenner Is Comparing Her Life to Hannah Montana
-
2024 Olympics: Skateboarder Sky Brown Still Competing With Dislocated Shoulder
-
Why Kendall Jenner Is Comparing Her Life to Hannah Montana
-
Former NFL coach Jack Del Rio charged with operating vehicle while intoxicated
-
AP Decision Notes: What to expect in Michigan’s state primaries
-
Léon Marchand completes his dominating run through the Paris Olympics, capturing 4th swimming gold
-
Ground cinnamon products added to FDA health alert, now 16 with elevated levels of lead