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Boeing has agreed to acquire key supplier Spirit AeroSystems in a deal valued at $4.7 billion, the plane maker said early on Monday, after months of negotiations amid major turmoil at the company over safety and regulatory issues., Boeing said the deal is an all-stock transaction valued at $4.7 billion or $37.25 per share and the total transaction value will be approximately $8.3 billion—including Spirit’s last reported debt.
The acquisition also covers Spirit’s defense contracts and Boeing said it will “ensure the continuity of operations” by working with the Pentagon and supplier’s other defense customers.
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