# Spirit AeroSystems to acquire Bombardier's Shorts and BANA for $275M

Spirit AeroSystems amended its agreement to acquire Bombardier's Shorts Brothers plc and Bombardier Aerospace North Africa SAS, reducing the purchase price from $500 million to $275 million. The deal is expected to close on October 30, 2020.

- Type: Acquisition
- Announced: 2020-10-26
- Where: United States
- Value: $275.0M
- Status: announced
- Products: aircraft structures, composite wings, MRO services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Bombardier](https://endata.com/companies/2513.md) (target)
- [Spirit AeroSystems](https://endata.com/companies/16652.md) (acquirer)
- [Short Brothers](https://endata.com/companies/47214.md) (target)
- [Bombardier Aerospace North Africa](https://endata.com/companies/48381.md) (target)

## Sources

- [spiritaero.com](https://www.spiritaero.com/pages/release/bombardier-and-spirit-aerosystems-amend-terms-of-purchase-agreement-reduce-net-proceeds-purchase-price-to-275-million-and-expect-to-close-on-oct-30-2020/), 2020-10-26: "This acquisition accelerates our strategic transformation by increasing our Airbus content with the A220 composite wing and growing our aftermarket business."
- [ainonline.com](https://www.ainonline.com/aviation-news/air-transport/2020-10-26/spirit-aero-proceeds-bombardier-deal-less-cash), 2020-10-26: "Spirit AeroSystems will acquire the outstanding equity of Short Brothers and Bombardier Aerospace North Africa for $275 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.