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- Yahoo Finance
Boeing on edge as it awaits fateful decision from DOJ
Justice Department officials have to decide whether to criminally charge Boeing, which would be a devastating blow for a giant manufacturer that serves as America's largest exporter.
- Associated Press Finance
Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock
Boeing announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm, which already was part of the aerospace company's manufacturing chain. Boeing, located in Arlington, Virginia, announced the purchase in a statement late Sunday. The acquisition's equity value of $4.7 billion is $37.25 per share, while the total value of the deal is around $8.3 billion, which includes Spirit’s last reported net debt, the aerospace company said.
- Reuters
Airbus says to get $559 million compensation under Spirit Aero deal
Europe's Airbus on Monday set out the terms under which it plans to buy certain loss-making activities of Spirit AeroSystems as part of a planned wider break-up of the supplier between Airbus and rival Boeing. The deal involves Airbus taking over work at loss-making plants that supply key parts for its A220 and A350 passenger jets. Airbus will be compensated for agreeing to take on the work by a payment of $559 million from Spirit, while it will pay a nominal sum of $1 for the assets, depending on the final outline of the deal, it said in a statement.
