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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.
Confirmed takeover, expected to close mid-2025, is Boeing and Spirit’s next step toward improving commercial aircraft production.
Promising 60% less fuel burn and 90% less emissions using SAF, the super-laminar flow design with windowless fuselage will be built using RTM in Florida facility with certification slated for 2030.
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.
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.
With Spirit AeroSystems under scrutiny for 737 Max manufacturing issues, Boeing is considering buying back its former aerostructures unit.
Purchase agreement of high-temperature materials business will be added to Tex-Tech’s specialty textiles and fabrics portfolio following customary approvals.
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.
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.
