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International Business Times
International Business Times
Business
AFP News

Boeing Says To Buy Subcontractor Spirit For $4.7 Billion

Boeing President and CEO Dave Calhoun announced the company would buy its subcontractor Spirit (Credit: AFP)

US aircraft manufacturer Boeing said Monday it had reached a "definitive deal" to buy its subcontractor Spirit, which has faced scrutiny over production quality control in recent months.

"The merger is an all-stock transaction at an equity value of approximately $4.7 billion, or $37.25 per share," the company said in a statement.

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