Airbus And Spirit AeroSystems Ink Agreement For Potential Operational Acquisition

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Airbus SE signs a binding term sheet with Spirit AeroSystems to potentially acquire key Airbus production operations, ensuring supply chain stability and sustainability.

Airbus SE (stock symbol: AIR) has signed a binding term sheet with Spirit AeroSystems for the potential acquisition of key Airbus-related operations. These include the production of A350 fuselage sections in Kinston, North Carolina, and St. Nazaire, France; A220 wings and mid-fuselage in Belfast, Northern Ireland, and Casablanca, Morocco; and A220 pylons in Wichita, Kansas.

This agreement aims to enhance the stability of supply for Airbus’s commercial aircraft programs, promoting a more sustainable operational and financial pathway for the Airbus work packages managed by Spirit AeroSystems.

The proposed transaction entails the acquisition of these operations, with Spirit AeroSystems compensating Airbus $559 million for a nominal consideration of $1.00, subject to adjustments based on the final transaction details.

The next steps involve a thorough due diligence process. While the completion of the transaction is not guaranteed, all involved parties are committed to working diligently and in good faith to finalize the process promptly.