Spirit AeroSystems Holdings Sells Fiber Materials Business for $165 Million

MT Newswires Live

2025/01/13

Spirit AeroSystems Holdings (SPR) has sold its Fiber Materials business to Tex-Tech Industries in a $165 million cash deal, the companies said Monday.

Fiber Materials' senior management team is expected to remain in their roles, Tex-Tech said.

Shares of Spirit were down more than 1% in recent Monday premarket activity.

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