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Spirit paid £80,000,000 (equivalent to £150,877,479 in 2023) for the business. [10] In 2009, Spirit opened a plant in Subang, Malaysia out of a need for expansion and to take pressure off the Prestwick facility. [11] Spirit opened a composites manufacturing facility in Kinston, North Carolina on July 1, 2010, to build sections of the Airbus ...
The Boeing acquisition is important since Kansas-based Spirit Aero has said it has total financial liquidity of just $890 million but expects to burn $650 million to $700 million in free cash ...
Spirit Aero is also weighing some asset sales, such as U.S. defense composites maker Fiber Materials, a fourth source said. The supplier said in January 2020 it acquired FMI for $120 million.
Those activities include production of A350 fuselage sections in Kinston, North Carolina, and St. Nazaire, France, and A220 wings and mid-fuselage in Belfast, United Kingdom, Airbus said in its ...
WASHINGTON (Reuters) -Boeing agreed on Sunday to acquire Spirit AeroSystems for $37.25 per share, in an all-stock deal that values the supplier at more than $4 billion, according to two sources ...
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the ...
Originally part of Boeing, Spirit AeroSystems has faced significant quality challenges with the 737 MA. Spirit AeroSystems Holdings Inc (NYSE:SPR), a primary supplier of jet fuselages, is reducing ...
(Reuters) -Spirit AeroSystems said Tuesday that planemaker Boeing will pay up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn ...