A Boeing 737 Max jet prepares to land at Boeing Field following a test flight in Seattle, Sept. 30, 2020. Boeing announced plans late Sunday, June 30, 2024, to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm. (AP Photo/Elaine Thompson, File)
July 1, 2024
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July 1, 2024 midnight
Under pressure on plane safety, Boeing is buying stressed supplier Spirit for $4.7 billion
Boeing has announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion. It says the move will improve plane quality and safety. Boeing previously owned Spirit, and the purchase would reverse a longtime Boeing strategy of outsourcing key work on its passenger planes