UK Regulator Approves Boeing's Major Acquisition

The UK Competition and Markets Authority (CMA) has officially given its approval for Boeing Company's proposed $4.7 billion takeover of Spirit Aerosystems Holdings, Inc. This significant decision was announced in a statement released on Friday, marking a pivotal moment in the aerospace industry.

Phase 1 Review Concludes Without Issues

Following the initiation of its Phase 1 review on June 30, the CMA has concluded that the acquisition raises no substantial competition concerns within the UK aerospace market. This clearance paves the way for Boeing to proceed with its strategic acquisition.

End of an Era for Spirit Aerosystems

Last year, Boeing agreed to reacquire Spirit Aerosystems in an all-stock deal valued at $4.7 billion. This move signifies the end of nearly two decades of independence for Spirit, the world's largest standalone aerostructures manufacturer.