Boeing's stock surged 7% intraday on Monday, marking a significant rebound as the aerospace giant finalized its $4.7 billion acquisition of Spirit AeroSystems. The move is seen as a critical step to stabilize Boeing's supply chain and improve manufacturing quality, particularly for its 737 MAX program.
The acquisition brings Spirit's operations, including fuselage production for the 737 MAX and structures for other Boeing models, back under Boeing's direct control. This integration is expected to address longstanding quality issues, such as those highlighted by the 2024 door plug blowout incident. Airbus also finalized its portion of the Spirit deal, receiving $439 million in compensation.
Boeing CEO Kelly Ortberg called the deal "a pivotal moment in Boeing's history," emphasizing its role in ensuring production stability and long-term competitiveness. The acquisition includes 15,000 Spirit employees and key facilities, reinforcing Boeing's vertical integration strategy.
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