financetom
Business
financetom
/
Business
/
Spirit AeroSystems to Divest Certain Assets to Airbus; Secures $200 Million Credit Line
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Spirit AeroSystems to Divest Certain Assets to Airbus; Secures $200 Million Credit Line
May 25, 2025 7:54 PM

03:41 AM EDT, 04/28/2025 (MT Newswires) -- Spirit AeroSystems ( SPR ) said Monday it has agreed to divest certain assets involved in the production of Airbus aerostructures to Airbus.

The assets include three sites, located in the US, France and Morocco; certain Airbus component productions in Scotland, US, and Northern Ireland; and potentially, Airbus-related assets in Malaysia.

The deal is expected to close in Q3, subject to regulatory approvals and other closing conditions.

Spirit is in the process of being acquired by Boeing ( BA ) and the divestment of these assets will happen concurrently with the buyout, Spirit said.

Spirit has also secured a $200 million line of credit from Airbus in a separate agreement, it said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Champagne makers call for reduced grape harvest after 15% drop in sales
Champagne makers call for reduced grape harvest after 15% drop in sales
Jul 19, 2024
PARIS (Reuters) - France's champagne producers on Friday called for a cut in the number of grapes harvested this year after sales of the wine fell more than 15% in the first half of the year as customers tightened their belts due to an uncertain economy. Champagne shipments in the first half of 2024 reached 106.7 million bottles, down 15.2%...
Otis Worldwide Names Cristina Mendez CFO
Otis Worldwide Names Cristina Mendez CFO
Jul 19, 2024
08:54 AM EDT, 07/19/2024 (MT Newswires) -- Otis Worldwide ( OTIS ) said Friday that Cristina Mendez will succeed Anurag Maheshwari as its chief financial officer, starting Aug. 23. Maheshwari is pursuing an opportunity outside the company, Otis said. Mendez currently serves as Otis' senior vice president, finance Europe, Middle East and Africa and transformation, the company said. Price: 100.83,...
Republic Bancorp Q2 Earnings, Revenue Increase
Republic Bancorp Q2 Earnings, Revenue Increase
Jul 19, 2024
08:51 AM EDT, 07/19/2024 (MT Newswires) -- Republic Bancorp ( RBCAA ) reported Q2 earnings Friday of $1.30 per diluted share, up from $1.07 a year earlier. A single analyst surveyed by Capital IQ had forecast GAAP EPS of $1.33 Net interest income for the Core Bank for the quarter that ended June 30 was $52.8 million, compared with $51.4...
Golden Matrix Group Launches AI-Powered Casino Game Recommender.
Golden Matrix Group Launches AI-Powered Casino Game Recommender.
Jul 19, 2024
08:52 AM EDT, 07/19/2024 (MT Newswires) -- Golden Matrix Group ( GMGI ) said on Friday that its subsidiary, Meridianbet, has launched an innovative Artificial intelligence-powered casino game recommender. The company said the recommender system considers a variety of parameters, including player behavioral patterns, previous activities, demographic data, and individual preferences while playing to offer personalized game recommendations to players....
Copyright 2023-2026 - www.financetom.com All Rights Reserved