American Made Advocacy: Where’s the Budget for a Modern Military Run on Microelectronics?
Defense Speak Interpreted: JADC2—Why It’s More Relevant Than Ever in Drone Warfare
Beyond the Board: Orbital High Ground—Why Space Superiority Is Slipping Away
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."
Share on:
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
Kontron Strengthens Defense Aerospace Supply Chain by Appointing Spirit Electronics as Official Distributor
08/28/2025 | BUSINESS WIREKontron, a leading global provider of IoT and Embedded Computing Technology (ECT), announced a strategic distribution agreement with Spirit Electronics, an end-to-end supply-chain services company and value-added distributor of high-reliability components. Under the agreement,
Spirit Electronics Orders Hentec Industries/RPS Automation Photon Steam Aging System
08/25/2025 | Hentec Industries/RPS AutomationThe Photon steam aging system is used for accelerated life testing - achieved by subjecting the components to a heated, moisture-rich environment, to simulate elongated storage conditions.
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.