This acquisition concerns several strategic sites, including that of Casablanca, which produces components for the A321 and A220.
Airbus SE announced, via a press release published this Monday, the signing of a definitive agreement with Spirit AeroSystems for the buyout of several strategic industrial sites linked to its commercial aviation programmes, for an amount estimated at 439 million dollars (approximately 4.51 billion dirhams).
As part of this operation, Airbus will notably integrate the sites of Casablanca (Morocco), Kinston (North Carolina), Saint-Nazaire (France), as well as the production units of Wichita (Kansas) and Belfast (Northern Ireland). In Prestwick (Scotland), the manufacturing of wing components for the A320 and A350 programmes will also pass under Airbus control.
On the other hand, the Subang site in Malaysia is expected to be sold to a third-party buyer, according to Spirit AeroSystems.
The financial compensation has been adjusted to reflect this acquisition scope. Airbus will thus receive 439 million dollars from Spirit AeroSystems, with adjustments planned upon the finalisation of the transaction.
The economic impacts of the agreement remain aligned with the forecasts of adjusted operating result and free cash flow for 2025 communicated by Airbus last February.
This acquisition aims to secure supply for Airbus's main programmes, while strengthening the operational and financial stability of critical production chains.
The finalisation of the operation is expected for the third quarter of 2025, subject to the usual regulatory approvals.
In parallel, Airbus has signed a memorandum of understanding with Spirit AeroSystems including the granting of interest-free credit lines totalling 200 million dollars, intended to support industrial activities linked to the European aircraft manufacturer.
The Moroccan Spirit factory began, in June 2022, to produce the rear and front fuselage sections as well as the keel beams for the Airbus A220 aircraft. The site has developed expertise in the manufacturing of a range of components for Bombardier business aircraft and now joins the global Spirit sites that already execute Airbus commercial programmes.
Airbus SE announced, via a press release published this Monday, the signing of a definitive agreement with Spirit AeroSystems for the buyout of several strategic industrial sites linked to its commercial aviation programmes, for an amount estimated at 439 million dollars (approximately 4.51 billion dirhams).
As part of this operation, Airbus will notably integrate the sites of Casablanca (Morocco), Kinston (North Carolina), Saint-Nazaire (France), as well as the production units of Wichita (Kansas) and Belfast (Northern Ireland). In Prestwick (Scotland), the manufacturing of wing components for the A320 and A350 programmes will also pass under Airbus control.
On the other hand, the Subang site in Malaysia is expected to be sold to a third-party buyer, according to Spirit AeroSystems.
The financial compensation has been adjusted to reflect this acquisition scope. Airbus will thus receive 439 million dollars from Spirit AeroSystems, with adjustments planned upon the finalisation of the transaction.
The economic impacts of the agreement remain aligned with the forecasts of adjusted operating result and free cash flow for 2025 communicated by Airbus last February.
This acquisition aims to secure supply for Airbus's main programmes, while strengthening the operational and financial stability of critical production chains.
The finalisation of the operation is expected for the third quarter of 2025, subject to the usual regulatory approvals.
In parallel, Airbus has signed a memorandum of understanding with Spirit AeroSystems including the granting of interest-free credit lines totalling 200 million dollars, intended to support industrial activities linked to the European aircraft manufacturer.
The Moroccan Spirit factory began, in June 2022, to produce the rear and front fuselage sections as well as the keel beams for the Airbus A220 aircraft. The site has developed expertise in the manufacturing of a range of components for Bombardier business aircraft and now joins the global Spirit sites that already execute Airbus commercial programmes.