UK antitrust clears Boeing's $4.7 billion acquisition of Spirit AeroSystems

Boeing Co.’s $4.7 billion deal to buy Spirit AeroSystems Holdings Inc. was cleared by the UK’s antitrust watchdog after an initial investigation.

The Competition and Markets Authority decided to not refer the deal for a deeper investigation, the regulator said in an announcement on Friday. The CMA did not immediately publish the reasons for its decision to wave the deal through.

Boeing Co. agreed to buy back Spirit for $37.25 a share in an all-stock deal in July last year that valued the supplier at $4.7 billion. The total transaction value was $8.3 billion, that included Spirit’s net debt.

“Progress continues toward completion of the Boeing acquisition, which is expected to close in Q4, 2025,” a spokesperson for Spirit said on Friday. Boeing didn’t immediately respond to an email for comment.

Once completed, the deal reunites the firms two decades after Spirit was spun off to trim costs. It’ll bring a key supplier for the 737, 787 Dreamliner and other commercial jets back to Boeing.

As part of the transaction, Boeing’s chief competitor Airbus SE will also take over parts of Spirit that make components for the European planemaker.