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International Business Times

Business

Kiran Tom Sajan

Boeing Acquires Spirit AeroSystems In $4.7 Billion All-Stock Deal

Boeing Spirit Spirit AeroSystems Airbus Dave Calhoun

Boeing 737 MAX jets are seen under construction at the aeronautics giant's plant in Renton, Washington (Credit: AFP)

Boeing announced Monday that it will acquire its struggling supplier, Spirit AeroSystems, in an all-stock transaction valued at $4.7 billion.

The deal is aimed at addressing Boeing's ongoing safety and regulatory challenges, and culminates months of negotiations with the planemaker looking to stabilize its supply chain amid recent crises, Reuters reported.

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A Catholic priest in Ecuador died after a large crucifix fell during a livestreamed Mass in Guayaquil, as the archdiocese confirmed his death and questions remained over the collapse.

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One subscription that gives you access to news from hundreds of sites

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More than 1,800 arrested as France faces up to aftermath of nationwide protests

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