Boeing is set to acquire Spirit AeroSystems, a manufacturer of parts for its 737 and 787 planes, Reuters reported.
Boeing is set to buy back Spirit AeroSystems, a manufacturer of parts for its 737 and 787 planes, in a $4.7 all-stock deal, according to a Sunday report from Reuters.
The deal follows months of negotiations between the two aerospace companies and is intended to help address Boeing’s ongoing safety crisis, the outlet reported.
Boeing’s stock has tumbled more than 27% this year following a series of manufacturing issues that have rippled through the aviation industry. In January, a door plug on a new 737 MAX 9 jet blew out mid-flight, prompting intense scrutiny of Boeing’s manufacturing process.
