Today, Airbus and Spirit AeroSystems Holdings, Inc. have finalized an agreement to transfer ownership of certain assets and sites involved in the production of Airbus aerostructures.
The sale of these assets is anticipated to conclude at the same time as Spirit’s previously disclosed acquisition by The Boeing Company. Both transactions require regulatory approvals and other closing conditions.
Irene Esteves, Spirit AeroSystems Executive Vice President and CFO told investors: “For many years, Spirit’s collaboration with Airbus allowed us to deliver aerostructures for some of their most important aircraft programs. Entering into this agreement is a significant milestone as we work towards the closing of the Boeing acquisition, to the benefit of Spirit, its stockholders and other stakeholders.”
Airbus CFO Thomas Toepfer informed shareholders earlier this month that the company anticipates finalizing the agreement with Spirit by the end of April. The complete deal with Boeing is projected to close in the third quarter.
At the conclusion of this transaction, Airbus will take ownership of the site in Kinston, North Carolina, (A350 fuselage sections); St. Nazaire, France (A350 fuselage sections); Casablanca, Morocco (A321 and A220 components); the production of A320 and A350 wings in Prestwick, Scotland; and the production of A220 pylons in Wichita, Kansas, U.S., as well as A220 wings in Belfast, Northern Ireland.
The agreement is expected to be completed in the third quarter of 2025.
By CEO NA Editorial Staff
