- Spirit AeroSystems (SPR, Financial) will transfer key Airbus-related assets to Airbus SE, aligning with its acquisition by Boeing, both set for completion in Q3 2025.
- The divestiture includes facilities in Kinston, St. Nazaire, Casablanca, Prestwick, and various production lines for A220 and A350 components.
- Airbus is supporting Spirit AeroSystems with $200 million in non-interest-bearing credit lines.
In a strategic restructuring move, Spirit AeroSystems (SPR) has signed a definitive agreement to transfer significant Airbus-related production facilities and assets to Airbus SE. This transaction aligns with Spirit's upcoming acquisition by The Boeing Company, with both deals expected to finalize in the third quarter of 2025, pending regulatory approvals and other closing conditions.
The comprehensive divestiture package includes facilities located in various international locations such as Kinston in North Carolina, St. Nazaire in France, Casablanca in Morocco, and Prestwick in Scotland. It also encompasses production lines for A220 and A350 components. Should no suitable buyer emerge, assets in Subang, Malaysia, will also be transferred to Airbus SE.
As part of the agreement, Airbus will provide Spirit with $200 million in non-interest-bearing lines of credit to support its ongoing Airbus programs. This financial backing is crucial for maintaining uninterrupted production levels during the transition period.
The strategic nature of the divestiture ensures a smooth transition of Spirit's operation lines, removing potential competitive conflicts, especially after Boeing's acquisition of Spirit AeroSystems. This transaction marks a pivotal step in Spirit's global operational realignment, enhancing regulatory approval prospects for both impending deals. However, the announcement did not disclose the purchase price or valuation of the divested assets, leaving stakeholders without this crucial assessment metric.
