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Maroc Maroc - NEWMARKETTODAY.CA - A La Une - 01/Jul 05:35

Under pressure on plane safety, Boeing is buying stressed supplier Spirit for $4.7 billion

ARLINGTON, Va. (AP) — Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice.

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hindustantimes.com - 01/Jul 07:30

The acquisition's equity value of $4.7 billion is $37.25 per share, while total value of deal is around $8.3 billion.