---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-172676"
form_type: "8-K"
ticker: "BA"
cik: "0000012927"
company_name: "BOEING CO"
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-05-31T23:57:04.991716+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Boeing to acquire Spirit AeroSystems in all-stock deal valued at ~$4.7B equity / $8.3B enterprise

## Summary
- Equity value ~$4.7B ($37.25/share); total enterprise value ~$8.3B including Spirit's net debt.
- Exchange ratio between 0.18 and 0.25 based on Boeing's 15-day VWAP with floor $149 and ceiling $206.94.
- Closing expected mid-2025; subject to Spirit shareholder approval, regulatory clearances, and sale of Spirit's Airbus work packages.
- Termination fees: Spirit pays $150M under certain circumstances; Boeing pays $300M if regulatory approvals not obtained by outside date.
- Boeing cites safety, quality improvements in reintegrating Spirit; Airbus to acquire certain Spirit work packages concurrently.

## SEC filing metadata
- accession: 0001193125-24-172676
- form_type: 8-K
- ticker: BA
- cik: 0000012927
- company_name: BOEING CO
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 7.01, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/12927/000119312524172676/0001193125-24-172676-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/12927/000119312524172676/d838733d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-172676
- JSON: https://secwatch.observer/filing/0001193125-24-172676.json
- Plain text: https://secwatch.observer/filing/0001193125-24-172676.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.