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Robert "Kelly" Ortberg

Robert "Kelly" Ortberg

President and Chief Executive Officer, The Boeing Company

Appears in 1 story

Stories

Boeing reacquires Spirit AeroSystems to confront a decade of 737 MAX safety and quality crises

Money Moves

Leads Boeing’s post‑MAX turnaround and Spirit integration

On December 8, 2025, Boeing completed its $4.7 billion acquisition of Spirit AeroSystems, valuing the deal at about $8.3 billion including debt and reversing a 2005 spin‑off that created the world’s largest independent aerostructures supplier. The transaction folds Spirit’s Boeing‑related commercial and aftermarket work — including 737, 767, 777 and 787 fuselages and major structures — back into Boeing, while carving out a separate Spirit Defense unit and divesting all Airbus‑related Spirit sites to Airbus and Spirit’s Malaysian plant to CTRM to satisfy U.S. and EU antitrust conditions.

Updated Dec 11, 2025