The United Kingdom’s Government is assessing the potential doubts regarding Boeing’s procurement of Spirit Aerosystems. The $8.3 billion deal is now being evaluated by the United Kingdom’s Competition and Markets Authority (CMA). The deal was announced in June 2024, but the ongoing quality and safety concerns regarding Boeing slowed down the process of acquisition. Although a formal investigation has not been launched by the UK government, Boeing has not made any official comments regarding this step taken by the CMA.
What is next for Spirit AeroSystems?
Earlier this year, Spirit AeroSystems stated in a press release,” After carefully evaluating Boeing’s offer to combine, we are confident this transaction is in the best interest of Spirit and its shareholders, and will benefit Spirit’s other stakeholders,” said Patrick M. Shanahan, President and Chief Executive Officer of Spirit. “Bringing Spirit and Boeing together will enable greater integration of both companies’ manufacturing and engineering capabilities, including safety and quality systems.”
Meanwhile, Airbus has acquired Spirit’s Airbus programme work, which is based in Belfast and Prestwick. Spirit’s non-Airbus operations at these two sites are now uncertain, whereas it has shown interest in looking for a third-party buyer for the Belfast facility. In case no buyer comes forward, the Belfast facility will be transferred to Boeing.
What do you think about this step taken by the UK government? Let us know in the comments!
