Airbus and Boeing transactions have been postponed to the fourth quarter , linking to Spirit AeroSystems reports on Q2 loss.
Spirit AeroSystems reported a Q2 loss of $631 million, despite an improvement in revenues of 10 percent compared to 2024. The company attributed most of the loss to costs linked to its pending divestiture agreement with Airbus. The $439 million sale of certain Airbus-related assets is now expected to close in the fourth quarter, delayed by pending regulatory approvals.
The merger agreement with Boeing has also been postponed to Q4. The U.S. Federal Trade Commission has requested additional information from both companies, extending the review period by 30 days after compliance. The UK’s Competition and Markets Authority has cleared Boeing’s planned acquisition of Spirit AeroSystems and will publish details of the decision later.
Airbus has amended its MoU with Spirit AeroSystems for the third time, committing an additional $94 million to support Airbus production programmes. Total Airbus funding to the supplier now stands at $152 million.
Spirit AeroSystems’ Q2 results also showed a $196 million loss from supporting Airbus’ A220 and A350, as well as Boeing’s 787 aircraft. This was attributed to currency exchange fluctuations, production performance, and higher supply chain costs, including tariffs on the 787 programme.
Separately, Spirit AeroSystems reached an agreement to sell assets in Malaysia to Composites Technology Research Malaysia for $95.2 million. The sale, expected to close in Q4, includes engineering and manufacturing operations at a 400,000-square-foot site in Subang, employing over 1,000 staff. Once completed, CTRM will become a key supplier to Airbus for A220, A320, and A350 programmes, and to Boeing for 737 and 787 aircraft.
