Boeing agrees to buy Spirit AeroSystems for $4.7B as manufacturer addresses safety concerns

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Briefing occurred Tuesday in Renton, Washington, detailing «defect» from supplier.

Boeing announced Monday a deal to purchase Spirit AeroSystems for $4.7 billion, as the plane manufacturer looks to address and resolve recent safety concerns.

The company will pay $37.25 per share for Spirit AeroSystems, Boeing said in a news release.

«We believe this deal is in the best interest of the flying public, our airline customers, the employees of Spirit and Boeing, our shareholders and the country more broadly,» Boeing President and CEO Dave Calhoun said in a statement.

«By reintegrating Spirit, we can fully align our commercial production systems, including our Safety and Quality Management Systems, and our workforce to the same priorities, incentives and outcomes – centered on safety and quality,» he continued.

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Boeing announced Monday a deal to purchase Spirit AeroSystems for $4.7 billion. (OLIVIER DOULIERY/AFP via Getty Images / Getty Images)

The manufacturer's acquisition of Spirit includes substantially all Boeing-related commercial operations, as well as additional commercial, defense and aftermarket operations.

As part of the deal, Boeing and Spirit will work together to ensure the operations supporting Spirit's customers and programs it acquires will continue, including by working with the Department of Defense and Spirit's defense customers about defense and security initiatives.

«We are proud of the role Boeing plays in supporting our men and women in uniform and are committed to ensuring continuity for Spirit's defense programs,» Calhoun said.

The deal, subject to regulatory approvals, breaks up Spirit and