Airbus and Spirit AeroSystems deal covers Airbus A350 and A220 production sites, with $559 million compensation from Spirit AeroSystems.
Airbus SE has entered a binding term sheet agreement with Spirit AeroSystems. This agreement concerns a potential acquisition of significant Airbus-related activities. Specifically, it includes the production of A350 fuselage sections in Kinston, North Carolina, and St. Nazaire, France. Additionally, the production of A220 wings and mid-fuselage in Belfast, Northern Ireland, and Casablanca, Morocco, is included. Moreover, the A220 pylons production in Wichita, Kansas, U.S., is part of this potential acquisition.
Airbus aims to ensure supply stability for its commercial aircraft programs with this agreement. It seeks a more sustainable approach, both operationally and financially, for the various Airbus work packages managed by Spirit AeroSystems today.
Airbus will acquire these activities through the transaction. Airbus will receive $559 million from Spirit AeroSystems for a nominal consideration of $1.00. Adjustments, including those based on the final transaction perimeter, may apply.
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Entering into definitive agreements is subject to a due diligence process. There is no guarantee that a transaction will be concluded. However, all parties are willing and interested to work in good faith. They aim to progress and complete this process as timely as possible.
Q. – What Airbus productions are included in the agreement?
A. – A350 fuselage, A220 wings and mid-fuselage, A220 pylons.
Q. – How much will Airbus receive from Spirit AeroSystems?
A. – $559 million.
