Defense Speak Interpreted: Is There Still a CHIPS Act?
Beyond the Board: Empowering the Next Generation of Tech Innovators in Electronics
The Government Circuit: Trump’s Trade War Disrupts the Electronics Ecosystem
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.
Share on:
Suggested Items
Airbus Next-Generation Skynet Satellite Reaches Major Milestone
05/20/2025 | AirbusThe UK’s next-generation military communications satellite—Skynet 6A—has successfully completed the coupling of its communications and service modules. "This significant development in the programme will allow Airbus to complete final baseline testing at our Stevenage site, followed by environmental testing back at NSTF later this year," said Airbus Defence and Space UK Chairman Ben Bridge.
Airbus Reports Q1 2025 Results
05/05/2025 | AirbusConsolidated revenues increased 6% year-on-year to € 13.5 billion (Q1 2024: € 12.8 billion). A total of 136 commercial aircraft were delivered (Q1 2024: 142 aircraft), comprising 17 A220s, 106 A320 Family, 4 A330s and 9 A350s.
Spirit AeroSystems Reports First Quarter 2025 Results
05/02/2025 | Spirit AeroSystems, Inc.Spirit's revenue in the first quarter of 2025 decreased from the same period of 2024, primarily due to lower production activity on most Boeing programs, particularly the Boeing 737 program.
Airbus Built Forest Monitoring Satellite Biomass Successfully Launched
04/28/2025 | AirbusThe Airbus built forest monitoring satellite Biomass has been successfully launched into orbit. A European Space Agency (ESA) flagship mission, Biomass will use its revolutionary P-band synthetic aperture radar instrument to measure forest biomass to assess terrestrial carbon stocks and fluxes to enable scientists to better understand the carbon cycle and its effects on climate change.
Airbus Signs Definitive Agreement with Spirit AeroSystems
04/28/2025 | AirbusAirbus SE has entered into a definitive agreement with Spirit AeroSystems for the acquisition of industrial assets dedicated to its commercial aircraft programmes.