-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueMaterial Matters
Materials management is nuanced, multifaceted, and requires a holistic systems approach for business success. When building high mix, low volume, and high technology, managing materials and overall cost containment are even greater challenges.
Additive Manufacturing
In this month’s issue, we explore additive manufacturing technology for the PCB fabricator: where it stands today, the true benefits, and where it seems to be headed.
The Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 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 Awarded German Armed Forces Prime Contract for Military Communications Satellite System
07/04/2024 | AirbusGermany’s armed forces, the Bundeswehr, has awarded Airbus the SATCOMBw 3 prime contract for the next generation secure military satellite system which includes geostationary satellites as well as ground segment, launch and operation for 15 years. T
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).