July 15, 2024 8:10 am

The premier news source for Snohomish County

Boeing to acquire Spirit AeroSystems

Boeing Spirit

ARLINGTON, Va.—Boeing announced on Monday, July 1, it has entered into a definitive agreement to acquire Spirit AeroSystems. The merger is an all-stock transaction at an equity value of approximately $4.7 billion, or $37.25 per share. The total transaction value is approximately $8.3 billion, including Spirit’s last reported net debt. Each share of Spirit common […]

Boeing airplanes just as safe as Airbus despite media hype

boeing safety

EVERETT—A Lynnwood Times study of National Transportation Safety Board (NTSB) incident records from 2014 to 2023 concludes that there is no statistically significant safety difference between US-related Boeing and Airbus commercial aircraft. Boeing scrutiny and oversight After Alaska Airlines Flight 1282’s non-fatal incident involving a cabin door blowing off mid-flight on January 5, 2024, due to four […]

Boeing top executive announce retirements, search for new CEO

Boeing CEO

ARLINGTON, Va.— Boeing President and CEO Dave Calhoun along with BCA president and board chair announce resignations on Monday, March 25, after a plethora of safety and quality incidents arising after the near-fatal Alaska Airlines Flight 1282 in-flight mid-cabin door blowout in January. “The eyes of the world are on us, and I know we […]

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