BOEING CLOSES SPIRIT AEROSYSTEMS PURCHASE IN MAJOR SUPPLY CHAIN REALIGNMENT

Boeing said on Monday it has closed its $4.7 billion takeover of Spirit AeroSystems, re-acquiring the bulk of the world's largest independent wing and fuselage maker.

The U.S. planemaker's European rival Airbus also announced Monday it had completed the acquisition of parts of Spirit in its supply chain. The aerostructure producer's operations in Subang, Malaysia, were spun off to Composites Technology Research Malaysia as part of Spirit's dismantling. A subsidiary, Fiber Materials, was sold earlier this year to Tex-Tech Industries.

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