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Spirit AeroSystems Announces Definitive Agreement with CTRM for Acquisition of Facility in Subang, Malaysia
August 11, 2025 | PRNewswireEstimated reading time: 1 minute
Spirit AeroSystems Holdings, Inc. announces a purchase agreement to sell its facility and businesses in Subang, Malaysia to Composites Technology Research Malaysia Sdn Bhd (CTRM) for $95,200,000, subject to customary adjustments. This transaction was entered into following the previously announced merger agreement with Boeing and subsequent definitive agreement with Airbus. The transaction is expected to close in the 4th quarter of 2025, subject to regulatory approvals and closing conditions being met.
Spirit AeroSystems' business in Subang is a world-class engineering and manufacturing business, which occupies 45 acres with 400,000 square-feet manufacturing footprint in Subang's Malaysian International Aerospace Centre and employs over 1,000 employees. The operation offers aerostructures assembly, and services capabilities, and an integrated supply chain with access to advantaged, in-region material sourcing, best-cost skilled labor, and scalability.
As a result of this transaction, CTRM will become an important supplier to Airbus for their A220, A320, and A350 programs, and to Boeing on the 737 and 787 programs.
"Our agreement with CTRM for the acquisition of this important manufacturing facility ensures a strong future for this business as well as the regional stakeholders in Malaysia," said Irene Esteves, Spirit AeroSystems executive vice president and chief financial officer. "This also marks a milestone in the ongoing acquisition of Spirit by Boeing."
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Spirit AeroSystems Reports First Quarter 2025 Results
05/02/2025 | Spirit AeroSystems, Inc.Spirit's revenue in the first quarter of 2025 decreased from the same period of 2024, primarily due to lower production activity on most Boeing programs, particularly the Boeing 737 program.
Airbus Signs Definitive Agreement with Spirit AeroSystems
04/28/2025 | AirbusAirbus SE has entered into a definitive agreement with Spirit AeroSystems for the acquisition of industrial assets dedicated to its commercial aircraft programmes.
Spirit Electronics Expands U.S. Semiconductor Capacity with Acquisition of SMART Microsystems
04/17/2025 | BUSINESS WIREAs part of its strategic commitment to strengthening domestic semiconductor manufacturing, Spirit Electronics has acquired SMART Microsystems, located at Lorain County Community College (LCCC) in Ohio.
Spirit AeroSystems Shareholders Approve Acquisition by Boeing
02/03/2025 | PRNewswireSpirit AeroSystems Holdings, Inc. announced that, at the special meeting of its shareholders held earlier today, its shareholders voted to approve the proposed acquisition of Spirit AeroSystems by The Boeing Company.
Spirit Announces Sale of FMI to Tex Tech Industries
01/14/2025 | Spirit AeroSystems Holdings, Inc.Spirit AeroSystems Holdings, Inc. announced the sale of Fiber Materials Inc (FMI) business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex Tech Industries, Inc. (Tex-Tech) for $165 million in cash.