# Bombardier sells aerostructures business to Spirit AeroSystems

Bombardier announced a definitive agreement to sell its aerostructures business to Spirit AeroSystems for $500 million in cash and the assumption of over $700 million in liabilities. The deal includes facilities in Belfast, Casablanca, and Dallas.

- Type: Acquisition
- Announced: 2019-10-31
- Where: Belfast, UK; Casablanca, Morocco; Dallas, USA, United Kingdom
- Value: $500.0M
- Jobs: 4,000
- Status: announced
- Products: aircraft structural components, spare parts
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Bombardier](https://endata.com/companies/2513.md)
- [Bombardier](https://endata.com/companies/2513.md) (target)
- [Spirit AeroSystems](https://endata.com/companies/16652.md) (acquirer)

## Sources

- [investor.spiritaero.com](https://investor.spiritaero.com/news-presentations/news-details/2019/Spirit-AeroSystems-to-Acquire-Select-Assets-Of-Bombardier-Aerostructures-and-Aftermarket-Services-Business/default.aspx), 2019-10-31: "The Bombardier operations bring world-class engineering expertise to Spirit and add to a strong track record of innovation, especially in advanced composites."
- [airframer.com](https://www.airframer.com/news/release/bombardier-announces-definitive-agreement-to-sell-aerostructures-business-to), 2019-10-31: "Bombardier today announced a definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding, Inc."
- [globenewswire.com](https://www.globenewswire.com/news-release/2019/10/31/1938569/0/en/Bombardier-Announces-Definitive-Agreement-to-Sell-Aerostructures-Business-to-Spirit-AeroSystems-Holding-Inc.html), 2019-10-31: "This transaction represents another strategic milestone in the reshaping of our portfolio to focus on our strong business aircraft and rail franchises."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1364885/000110465919058064/tm1921570-1_8k.htm), 2019-10-31: "Through this agreement with Bombardier, we are delighted that Spirit, a global, tier-one aerostructure manufacturer and supplier, has recognized our unique offering and growth potential."
- [qradio.com](https://www.qradio.com/tyroneandfermanagh/news/q-radio-local-news/bombardiers-northern-ireland-operations-sold-to-spirit-aerosystems/), 2019-10-31: "Today's deal will see Bombardier's footprint here transfer as a whole to one of the world's largest independent producers of aerostructures."
- [financialpost.com](https://financialpost.com/transportation/bombardier-announces-500-million-asset-sale-but-burns-through-cash-to-execute-plane-train-projects/), 2019-10-31: "Bombardier is poised to exit the commercial aircraft space after agreeing to sell its aerostructures business for $500 million in net cash."
- [flightglobal.com](https://www.flightglobal.com/airframers/2019/11/spirit-aerosystems-sees-bombardier-deal-as-path-to-new-markets/), 2019-11-01: "Spirit will pay $500 million to acquire Bombardier’s aerostructures and aftermarket services businesses in Belfast (Northern Ireland) and Casablanca (Morocco), and its maintenance and overhaul business in Dallas."
- [worldofaviation.com](https://worldofaviation.com/2019/11/bombardier-sells-three-aerospace-facilities-to-spirit-aerosystems/), 2019-11-04: "We are confident that Spirit's acquisition of these aerostructures assets is the best outcome for customers, employees and shareholders."
- [sullcrom.com](https://www.sullcrom.com/About/News-and-Events/Highlights/2019/December/SC-Guides-Spirit-AeroSystems-in-1-Billion-Acquisition-from-Bombardier), 2019-12-05: "S&C client Spirit AeroSystems entered into a definitive agreement to acquire Bombardier’s aerostructures and aftermarket services businesses for $500 million in cash"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.