Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice.
Boeing previously owned Spirit, and the purchase would reverse a longtime Boeing strategy of outsourcing key work on its passenger planes. That approach has been criticized as problems at Spirit disrupted production and delivery of popular Boeing jetliners, including 737s and 787s.
“We believe this deal is in the best interest of the flying public, our airline customers, the employees of Spirit and Boeing, our shareholders and the country more broadly,” Boeing President and CEO Dave Calhoun said in a statement late Sunday.
Boeing didn't "previously own Spirit." Spirit didn't exist, it was Boeing's Wichita Division. They spun it off because some of those assholes could make a boatload of money doing that (and break the union contracts) and now those same assholes are going to make even more money re-absorbing it. Calhoun is lying through his immaculately cared-for choppers: Boeing doesn't give a damn about "the flying public" and hasn't in the last three decades. They'd happily crash a fully-loaded 737 once every quarter if doing so made their stock price go up.
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