Boeing agreed to buy Spirit AeroSystems, the Kansas-based supplier that makes fuselages for the 737 Max jet, in a deal intended to improve quality after a midair door plug blowout.
Why problems at a key Boeing supplier may help explain the company's 737 Max 9 mess
The Spirit deal, an all-stock transaction valued at $4.7 billion , is intended to give Boeing greater oversight and control of manufacturing operations, which have been under a harsh spotlight this year. "We believe this deal is in the best interest of the flying public, our airline customers, the employees of Spirit and Boeing, our shareholders and the country more broadly," said Boeing CEO Dave Calhoun in a statement announcing the deal.at the end of year as part of a shakeup in the wake of the 737 production problems, and faced difficult questions from senators in
No one was seriously injured during Alaska Airlines Flight 1282 in January, but the incident rekindled concerns about Boeing's quality control following“Bringing Spirit and Boeing together will enable greater integration of both companies’ manufacturing and engineering capabilities, including safety and quality systems,” said Spirit CEO Patrick Shanahan.
Boeing recently advanced Spirit $425 million in order to help stabilize the company's finances amid a slowdown in the plane maker's production of the popular 737 line. Federal regulators capped Boeing's production at 38 planes per month, and Boeing has been making even fewer than that as it attempts to imposeto fix its quality control problems.
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