Boeing Completes $4.7 Billion Acquisition of Spirit AeroSystems

CEO Kelly Ortberg calls the deal a pivotal moment as Boeing brings its largest spare parts supplier in-house.

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Terms & Concepts
  • Acquisition: The process where one company purchases and takes control of another company.
  • Spirit AeroSystems: A major aerospace supplier specializing in aircraft parts and components.
  • Spare parts supplier: A company that provides replacement components for aircraft maintenance and repairs.