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Boeing To Bring Defense-Related Work In-House, Add Some With Spirit Deal

Cal Biesecker By
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Boeing To Bring Defense-Related Work In-House, Add Some With Spirit Deal
U.S. Marine Corps CH-53E Super Stallions take off from the flight line during a mass flight exercise at Marine Corps Air Station Miramar, California. Spirit AeroSystems assembles the cockpit and cabin and delivers the complete fuselage to Lockheed Martin's Sikorsky unit. Photo: U.S Marine Corps

Boeing [BA] on Monday said it has agreed to acquire the commercial operations of the Spirit AeroSystems [SPR] that support its programs and additional commercial, defense and aftermarket operations, in an all-stock transaction valued at $4.7 billion. Only 13 percent of Spirit’s $6 billion in sales in 2023 were defense and space related, and most of that, 75 percent, is with Boeing for work on programs such as the Navy’s P-8 submarine hunting aircraft, the Air Force’s KC-46 aerial refueling…

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