Boeing to Acquire Spirit AeroSystems: What to Know

Boeing will buy Spirit for $4.7 billion in stock as it looks to improve the safety and quality of its airplanes. Here's what you need to know.

Side of building with Boeing logo on it.
(Image credit: Samuel Corum, Getty Images)

Boeing (BA) announced early Monday that it will buy Spirit AeroSystems (SPR) in an all-stock deal that values the fuselage maker at approximately $4.7 billion, or $37.25 per SPR share.

The purchase price represents a roughly 13.3% premium to Spirit stock's June 28 close at $32.87, sending its share price up by more than 3% Monday. BA stock, meanwhile, is higher by roughly 2%.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.