Boeing agrees to buy fuselage maker Spirit AeroSystems in $4.7 billion deal

- Boeing to acquire Spirit AeroSystems in an all-stock deal worth $8.3 billion - The deal will improve safety and quality control after recent fuselage issues with Boeing 737 Max - Spirit earns about 70% of revenue from Boeing and also makes parts for Airbus - CEO Dave Calhoun expects the deal to close by mid-2025 - Airbus compensated with $559 million by Spirit to acquire manufacturing lines dedicated to Airbus planes - Boeing stocks down more than 30% this year due to production issues and financial hits - FAA will not let Boeing expand production until quality concerns are addressed - Boeing has agreed to buy fuselage maker Spirit AeroSystems in a $4.7 billion deal - The deal comes after a recent leadership shake-up at Boeing and safety concerns - Spirit makes fuselages for Boeing's 737 and other parts for the 787 Dreamliners - Spirit had manufacturing flaws on Boeing's planes - The deal is expected to close in mid-2025, pending approval from regulators and shareholders - Spirit CEO is considered a potential successor to Boeing's CEO - Airbus will receive $559 million from Spirit for manufacturing lines dedicated to Airbus planes - Boeing's deliveries to airlines have been impacted by the safety crisis - Boeing's shares are down more than 30% this year - Boeing is trying to improve quality control by acquiring Spirit - FAA will not let Boeing expand production until satisfied with production lines - Lawsuits and financial hits have been taken by both Spirit and Boeing due to safety concerns