CHICAGO (dpa-AFX) - Boeing Co. (BA) announced Monday that it has entered
into a definitive agreement to acquire Spirit AeroSystems (SPR) in an all-stock
deal at an equity value of approximately $4.7 billion, or $37.25 per share.

The total transaction value is around $8.3 billion, including Spirit's last
reported net debt.

Boeing's acquisition of Spirit will include substantially all Boeing-related
commercial operations, as well as additional commercial, defense and aftermarket
operations.

Separately, Spirit and Airbus SE have also entered into a binding term sheet,
under which Airbus will acquire certain commercial work packages that Spirit
performs for Airbus concurrently with the closing of the Boeing-Spirit merger.

In addition, Spirit is proposing to sell certain of its operations, including
those in Belfast, Northern Ireland (non-Airbus operations), Prestwick, Scotland,
and Subang, Malaysia.

The Boeing deal is expected to close mid-2025 and is subject to the sale of the
Spirit operations related to certain Airbus commercial work packages and the
satisfaction of customary closing conditions, including regulatory and Spirit
shareholder approvals.

In the Boeing deal, each share of Spirit stock will be exchanged for a number of
shares of Boeing common stock equal to an exchange ratio between 0.18 and 0.25.

Following the transaction, Spirit shareholders will receive 0.25 Boeing shares
for each of their Spirit shares if the volume-weighted average price is at or
below $149.00, and 0.18 Boeing shares for each of their Spirit shares if the
volume-weighted average price is at or above $206.94.



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