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Per the definitive agreement, Airbus is taking ownership of assets across seven of Spirit’s sites to ensure stability of its supply for its commercial aircraft programs.
The composites industry welcomes new personnel and position transitions for Gurit, Kaneka Aerospace, Lockheed Martin, L&L Products, Norco, 47G and The Gill Corp.
Despite persistent supply chain issues, markets were set for healthy growth before Trump policies and tariffs, yet long-term trends favor composites in new platforms. Meanwhile, the advanced air mobility shakes out and moves forward.
CW talks with Syensqo, Spirit AeroSystems and other consortia members about current funding, specification of the next world’s largest press, organizational structure and projects to support U.S. companies in the race to deliver >40,000 sustainable and efficient aircraft over the next 20 years.
Confirmed takeover, expected to close mid-2025, is Boeing and Spirit’s next step toward improving commercial aircraft production.
Tex-Tech Industries, provider of high-temperature, high-performance specialty material and coatings, has completed the transaction for FMI.
Airbus is expected to acquire certain Spirit assets that serve Airbus programs, concurrently with the closing of Spirit's acquisition by Boeing.
Purchase agreement of high-temperature materials business will be added to Tex-Tech’s specialty textiles and fabrics portfolio following customary approvals.
Significant anticipated cash deficit and increased operating losses have raised doubts over the company’s ability to continue operations, leading to Boeing and Airbus loan advancements.
New center is equipped with state-of-the-art technologies and a robust team to advance Spirit’s agility and capacity in engineering design and support for global customers.
