Bombardier Deal Gives Spirit Aero More Airbus Work | Aviation International News

Bombardier Deal Gives Spirit Aero More Airbus Work

The Wichita-based supplier is acquiring parts of Bombardier's aerostructures and aftermarket business in a deal valued at $1 billion.

In its deal with Bombardier, Spirit AeroSystems will assume responsibility for manufacturing the Airbus A220's composite wing. (Photo: Jerry Siebenmark)

By Jerry Siebenmark • Senior Editor

October 31, 2019

Spirit AeroSystems, a Tier I supplier to Airbus and Boeing, will acquire for just more than $1 billion select assets of Bombardier’s aerostructures and aftermarket services business in a deal that will give it more manufacturing content on Airbus aircraft as well as regional and business jets, the Wichita-based company announced Thursday. Financial terms of the deal call for Spirit to pay $500 million in cash and assume $300 million in net pension liabilities and $290 million of government grant repayment obligations. “The acquisition of the Bombardier assets is a transformative deal for Spirit, aligning perfectly with our stated strategic goals of capturing more Airbus business, expanding our low-cost country footprint, and scaling our aftermarket business,” Spirit president and CEO Tom Gentile said on a third-quarter earnings call.

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