Spirit AeroSystems to acquire Bombardier business

Spirit AeroSystems Holdings has entered into a definitive agreement to acquire select assets of Bombardier’s aerostructures and aftermarket businesses in Belfast, Northern Ireland, Casablanca, Morocco, and Dallas, United States, for a cash consideration of US$500 million.

The acquired Bombardier operations employ more than 4,000 people at three sites comprising approximately 3.4 million ft, Spirit says. It makes composite and metallic wing components, nacelles, fuselages and tail assemblies, as well as mechanical assemblies of aluminum, titanium and steel.

‘The Bombardier operations bring world-class engineering expertise to Spirit and add to a strong track record of innovation, especially in advanced composites,’ said Spirit AeroSystems CEO Tom Gentile.  ‘Belfast has developed an impressive position in business jet fuselage production, in addition to the world-acclaimed fully integrated A220 composite wing. This acquisition is in line with our growth strategy of increasing Airbus content, developing low-cost country footprint, and growing our aftermarket business.’

This story uses material from Spirit AeroSystems, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.