Airbus SE has closed the transaction with Spirit AeroSystems for the acquisition of industrial assets dedicated to its commercial aircraft programs.

Airbus has taken ownership of the following former Spirit AeroSystems assets:

• the site of Kinston, North Carolina, U.S. (A350 fuselage sections), joining as Airbus Aerosystems Kinston;
• the site of Saint-Nazaire, France (A350 fuselage sections), joining as Airbus Atlantic Cadréan;
• the site of Casablanca, Morocco (A321 and A220 components), joining as Airbus Atlantic Maroc Aero;
• the production of A220 wings and A220 mid-fuselage in Belfast, Northern Ireland, becoming Airbus Belfast;
• the production of wing components for A320 and A350 in Prestwick, Scotland, becoming an affiliate named Prestwick Aerosystems;
• the production of A220 pylons, which will be transferred out of Wichita, Kansas, U.S. to the site of Saint-Eloi, Toulouse, France.

Airbus receives compensation of $439 million, with the typical purchase price adjustments and subject to customary post-closing review. In addition, Airbus receives certain amounts to settle liabilities under the provision of the purchase agreements.

In related news, Boeing on Decdember 8 announced it has completed its acquisition of Spirit AeroSystems.

Boeing’s acquisition includes all of Spirit’s Boeing-related commercial operations, including fuselages for the 737 program and major structures for the 767, 777 and 787 Dreamliner. It also includes commercially procured fuselages for the P-8 and KC-46.

The transaction also brings Boeing’s largest supplier of spare parts in house, expands Boeing’s global maintenance, repair and overhaul services footprint and adds to Boeing’s rotable, lease, and exchange portfolio with Spirit’s aftermarket businesses.

Spirit Defense will continue to support its customers as an independent supplier to the defense industry to ensure uninterrupted support for its customers. It will act as a non-integrated subsidiary of Boeing Defense, Space & Security, aligning for financial reporting and select enterprise functional and site support, but maintaining independent governance and operations.

In addition, portions of Spirit AeroSystems’ operations in Belfast, Northern Ireland, have been acquired by Boeing, and the Belfast site will operate as an independent subsidiary branded as Short Brothers, a Boeing Company.

Spirit AeroSystems’ commercial and aftermarket operations in Wichita, Kansas; Dallas, Texas; and Tulsa, Oklahoma, as well as Spirit’s Aerospace Innovation Center in Prestwick, Scotland, will begin to integrate into Boeing. Approximately 15,000 teammates across the five sites are becoming a part of Boeing.