-
- News
- Books
Featured Books
- design007 Magazine
Latest Issues
Current IssueCreating a Culture of Collaboration
PCB designers could learn quite a bit from NASA and the private companies that develop spacecraft: Every one of these vehicles is a testament to the value of collaboration among disparate stakeholders. Without a collaborative culture, the rocket might never get off the ground.
Breaking High-speed Material Constraints
Do you need specialty materials for your high-speed designs? Maybe not. Improvements in resins mean designers of high-speed boards can sometimes use traditional laminate systems. Learn more in this issue.
Level Up Your Design Skills
This month, our contributors discuss the PCB design classes available at IPC APEX EXPO 2024. As they explain, these courses cover everything from the basics of design through avoiding over-constraining high-speed boards, and so much more!
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - design007 Magazine
Airbus Enters Agreement with Spirit AeroSystems
July 1, 2024 | AirbusEstimated reading time: Less than a minute
Airbus SE (stock exchange symbol: AIR) has entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to Airbus, notably the production of A350 fuselage sections in Kinston, North Carolina, U.S., and St. Nazaire, France; of the A220’s wings and mid-fuselage in Belfast, Northern Ireland, and Casablanca, Morocco; as well as of the A220 pylons in Wichita, Kansas, U.S.
With this agreement, Airbus aims to ensure stability of supply for its commercial aircraft programmes through a more sustainable way forward, both operationally and financially, for the various Airbus work packages that Spirit AeroSystems is responsible for today.
The transaction would cover the acquisition of these activities. Airbus will be compensated by payment of $559 million from Spirit AeroSystems, for a nominal consideration of $1.00, subject to adjustments including based on the final transaction perimeter.
Entering into definitive agreements remains subject to an ensuing due diligence process. Whilst there is no guarantee that a transaction will be concluded, all parties are willing and interested to work in good faith to progress and complete this process as timely as possible.
Suggested Items
Airbus Built, Copernicus Sentinel-2C Climate Satellite Heading for Launch Site
07/03/2024 | AirbusAfter road transport from Airbus in Friedrichshafen to Bremen on 2 July, the Airbus-built Sentinel-2C satellite, the third Copernicus Sentinel-2 satellite, is about to be shipped to the European spaceport in French Guiana.
Spirit AeroSystems Announces Acquisition by Boeing in $8.3 Billion Transaction
07/01/2024 | Spirit AeroSystems, Inc.Spirit AeroSystems announced it has entered into a definitive merger agreement under which The Boeing Company will acquire Spirit for $37.25 per share in Boeing common stock.
Airbus Provides 2024 Guidance Update
06/25/2024 | Airbus GroupAirbus SE is providing a market update to report on new developments related to its space activities and commercial aircraft business, the impact of which is leading the Company to update its 2024 guidance.
Yahsat Contracts Airbus for the Construction of Al Yah 4 and Al Yah 5 Satellites
06/11/2024 | AirbusAl Yah Satellite Communications Company PJSC (Yahsat), the UAE’s flagship satellite solutions provider announced today that it has contracted Airbus Defence and Space, a leading satellite manufacturer, for its new geostationary telecommunications satellites, Al Yah 4 (AY4) and Al Yah 5 (AY5).
Airbus Partners with Avincis on Advanced Air Mobility
06/06/2024 | AirbusAirbus and Avincis, a well-established European helicopter operator, have signed a Memorandum of Understanding (MoU) to partner on the development of Advanced Air Mobility (AAM).