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Boeing Seeks EU Approval to Reacquire Spirit AeroSystems in $4.7 Billion Deal

By  |  August 28, 2025
Boeing

Boeing has formally requested clearance from European regulators to reacquire Spirit AeroSystems, the world’s largest independent manufacturer of aerostructures, according to documents posted on the European Commission’s website. The move comes as the U.S. aerospace giant aims to bring its onetime subsidiary back under its control, per Reuters.

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    The planned transaction, first announced in July last year, values Spirit at approximately $4.7 billion in stock. Airbus has agreed to assume the supplier’s Europe-focused, loss-making operations as part of the arrangement, Reuters reported. Britain’s competition watchdog gave its approval earlier this month, ruling that the deal would not significantly reduce competition in the sector.

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    The share-exchange terms set Spirit’s valuation at $37.25 per share. In total, the acquisition is worth about $8.3 billion once Spirit’s net debt is included, according to financial disclosures. Shareholders of Spirit will receive between 0.18 and 0.25 Boeing shares for each Spirit share, depending on Boeing’s average stock price before the deal closes.

    Related: Boeing’s $4.7 Billion Spirit AeroSystems Deal Wins UK Antitrust Approval

    “This transaction benefits passengers, the airlines we serve, employees of Spirit and Boeing, our shareholders, and the country as a whole,” said Boeing President and CEO Dave Calhoun. “By reintegrating Spirit, we can fully align our commercial production systems, including our Safety and Quality Management Systems and workforce, with the same priorities, incentives and outcomes, focused on safety and quality.”

    The deal covers nearly all of Spirit’s commercial activities tied to Boeing, along with its defense and aftermarket operations. Boeing has also pledged to coordinate with Spirit to ensure continuity in supporting defense and security programs, including commitments with the U.S. Department of Defense and other defense clients.

    According to Reuters, the European Commission will now review the request to determine whether the acquisition raises any competition concerns within the bloc.

    Source: Reuters