Beyond the Board: Early Engagement Means Faster Prototyping for Defense Programs
Defense Speak Interpreted: The Autonomous Plane Battle—Skyborg Vs. Loyal Wingman
American Made Advocacy: Congress Back from Break With Work To Do
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:
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
Airbus Projects Resilient Growth of Services Market in the Next 20 Years
10/13/2025 | AirbusIn its latest Global Services Forecast (GSF), Airbus anticipates that the total demand for services will see a 10% year-on-year increase in 2025, and this will continue to grow alongside expanded air traffic, reaching an estimated value of US$311 billion by 2044 (anticipating a CAGR of 3.6%).
Spirit AeroSystems Announces Definitive Agreement with CTRM for Acquisition of Facility in Subang, Malaysia
08/11/2025 | PRNewswireSpirit AeroSystems Holdings, Inc. announces a purchase agreement to sell its facility and businesses in Subang, Malaysia to Composites Technology Research Malaysia Sdn Bhd (CTRM) for $95,200,000, subject to customary adjustments.
Airbus-built CO3D Constellation Successfully Launched to Map our Planet in 3D
07/28/2025 | AirbusThe four Airbus-built CO3D (Constellation Optique 3D) satellites have been successfully placed into orbit by an Arianespace Vega-C rocket from the European Spaceport in Kourou, French Guiana.
FTG Achieves Another Major Milestone with EASA Certification for Edge+ on Airbus A319/320/321 Family of Aircraft
07/22/2025 | FTG AerospaceFiran Technology Group Corporation announced that a Supplemental Type Certificate (STC) has been awarded by the European Aviation Safety Agency (EASA) for the AFIRS Edge+™ product on the Airbus A319/320/321 family of aircraft.
Airbus to Team with US Kratos Defense, Deploying German Mission System
07/17/2025 | AirbusAirbus Defence and Space and US based Kratos Defense and Security Solutions have entered into a partnership based on the Kratos XQ-58A Valkyrie, a flight-proven UCCA (uncrewed collaborative combat aircraft), which will be equipped with an Airbus made mission system, combat ready for the German Air Force by 2029.