Boeing has finalized its acquisition of Spirit AeroSystems for a total of $4.7 billion, a move that consolidates a key supplier of airplane structures for both commercial and defense aircraft. The deal was officially approved by the Federal Trade Commission on December 3, 2023, allowing Boeing to take over all operations related to Spirit’s work with the company, including the production of fuselages for the popular Boeing 737 and defense aircraft such as the KC-46 and B-21.
As part of the acquisition, Spirit Defense will operate as a “non-integrated” subsidiary within Boeing’s existing defense unit. This structure enables Spirit Defense to maintain independent governance while providing services to Boeing’s competitors, such as Northrop Grumman, which utilizes Spirit’s aerostructures for its B-21 bomber. Boeing’s announcement emphasizes its commitment to stability during this transition, which is expected to enhance operational efficiencies and align financial reporting.
“This is a pivotal moment in Boeing’s history and future success,” said Boeing CEO Kelly Ortberg. He noted the importance of integrating Spirit AeroSystems’ operations while ensuring the continued delivery of high-quality airplanes and advanced defense capabilities. As a result of the acquisition, Boeing will add approximately 15,000 employees across five locations: Wichita, Kansas; Dallas, Texas; Tulsa, Oklahoma; Belfast, Northern Ireland; and Prestwick, Scotland.
Spirit AeroSystems, which was spun off from Boeing in 2005, has made significant efforts to diversify its business beyond its former parent company. During its independent tenure, Spirit expanded its defense operations to include work on the B-21 bomber and V-280 rotorcraft. However, following the announcement of the acquisition, Bell, a major client, decided to sever ties with Spirit.
In a condition for the acquisition’s approval, the FTC mandated that Boeing divest all business operations Spirit previously conducted with Airbus, which will absorb those entities. Additionally, Boeing is required to transfer Spirit’s aerostructures business in Malaysia—responsible for supplying parts to both Boeing and Airbus—to Composites Technology Research Malaysia.
Senator Jerry Moran of Kansas, who serves on the Senate Appropriations defense subcommittee, expressed support for the acquisition. He highlighted the potential for enhanced collaboration between Boeing and the Wichita community. “Boeing’s acquisition of Spirit AeroSystems will help build bridges between Seattle and Wichita and bring new opportunities to the Air Capital of the World,” Moran stated, looking forward to a strengthened relationship with local suppliers and the workforce.
This acquisition marks a significant chapter in Boeing’s strategy to enhance its operational capabilities while navigating the complexities of the aerospace market.
