By Nina Kienle

Airbus struck a deal to buy some Spirit AeroSystems assets, taking over factories that make parts for the European plane maker from a supplier that is in the process of being acquired by rival Boeing.

The companies said Monday that they entered into a definitive deal for the acquisition of certain Spirit industrial assets dedicated to Airbus's commercial aircraft programs, following a preliminary agreement in July that was linked to Boeing's $4.7 billion takeover of the Kansas-based jet-parts maker.

As part of the agreement, Airbus will take ownership of Spirit's sites in Kinston in North Carolina, St. Nazaire in France and Casablanca in Morocco, the companies said. This is in addition to the production of components for the A320 and A350 wings in Prestwick, Scotland, A220 pylons in Wichita, Kansas, and A220 wings in Belfast, Northern Ireland, they added.

Spirit intends to sell a site in Subang, Malaysia, to a third-party owner, but Airbus will acquire the assets if no suitable buyer is found before the closing of the transaction, Spirit said. The companies aim to close the deal in the third quarter, they said.

With the deal, Airbus aims to ensure stability of supply for its commercial aircraft programs through a more sustainable way forward, it said.

Airbus said it will receive a compensation payment of $439 million from Spirit for the acquisition. In July, Airbus had said it would be compensated by a payment of $559 million from Spirit. The amount was adjusted to reflect the revised scope of the transaction, Airbus said.

Under the deal, the European plane maker also agreed to give Spirit credit lines totaling $200 million to support Airbus programs, the companies said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

April 28, 2025 01:48 ET (05:48 GMT)

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