Photo: Airbus
Airbus SE has signed a definitive agreement with Spirit AeroSystems to acquire a number of industrial assets linked to Airbus’ commercial aircraft programmes. Under the agreement, Airbus will assume ownership of the following Spirit AeroSystems operations: The site in Kinston,...
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Airbus SE has signed a definitive agreement with Spirit AeroSystems to acquire a number of industrial assets linked to Airbus’ commercial aircraft programmes.
Under the agreement, Airbus will assume ownership of the following Spirit AeroSystems operations:
In addition, Airbus will acquire production activities related to wing components for the A320 and A350 programmes at Spirit’s Prestwick facility in Scotland. Spirit AeroSystems plans to divest its Subang, Malaysia site to a third party.
The financial terms of the agreement have been adjusted to reflect the revised scope, consistent with the binding term sheet announced on 1 July 2024. Under the terms, Airbus will receive a payment of $439 million from Spirit AeroSystems, subject to closing adjustments.
Airbus stated that the terms and financial effects of the transaction are consistent with its 2025 guidance issued on 20 February 2025, particularly regarding EBIT Adjusted and Free Cash Flow before Customer Financing.
The company explained that the acquisition is intended to ensure supply chain stability and support a more sustainable operational and financial model for critical Airbus work packages.
Completion of the transaction, including the official transfer of operations, is expected in the third quarter of 2025, pending regulatory and customary approvals.
Separately, Airbus and Spirit AeroSystems have signed a memorandum of agreement under which Airbus will provide Spirit AeroSystems with non-interest-bearing credit lines totalling $200 million. These funds will be used to support Airbus programmes.
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