Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock

ARLINGTON:

Boeing

announced plans to acquire

Spirit AeroSystems

for $4.7 billion in an all-stock transaction for the

manufacturing firm

.
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.

Spirit, located in

Wichita

, Kansas, manufactures key parts for Boeing aircraft.