Spirit AeroSystems Holdings, Inc. has signed a purchase agreement to divest its Subang, Malaysia facility and businesses to Composites Technology Research Malaysia Sdn Bhd (CTRM) for $95.2 million, subject to customary adjustments. The deal, aligned with Spirit's previously announced merger agreement with Boeing and subsequent definitive agreement with Airbus, is expected to close in the fourth quarter of 2025, pending regulatory approvals and closing conditions.
The Subang operation spans 45 acres with a 400,000 sq. ft. manufacturing footprint, employing more than 1,000 people. It provides aerostructures assembly, supply chain integration, and services with access to local material sourcing and cost-efficient skilled labor.
Following the transaction, CTRM will supply Airbus programs (A220, A320, A350) and Boeing programs (737, 787).
"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, executive vice president and CFO of Spirit AeroSystems. "This also marks a milestone in the ongoing acquisition of Spirit by Boeing."
Source: www.spiritaero.com
