Page 25 - 15th july 2024

AGREEMENT

Airbus signs

Agreement

with Spirit The Hub of

AeroSystems Business Aviation

Airbus and Spirit AeroSystems deal covers
Airbus A350 and A220 production sites, 10 - 12 DECEMBER 2024
with $559 million compensation from Spirit DWC, Dubai Airshow Site
AeroSystems.

irbus SE has entered a binding term sheet agree- In Association with
Ament with Spirit AeroSystems. This agreement
concerns a potential acquisition of significant Airbus-
related activities. Specifically, it includes the pro-
duction 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 includ-
ed. Moreover, the A220 pylons production in Wichita,
Kansas, U.S., is part of this potential acquisition.
Airbus aims to ensure supply stability for its com-
mercial aircraft programs with this agreement. It seeks
a more sustainable approach, both operationally and
financially, for the various Airbus work packages man-
aged 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.
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

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