PARIS, April 28, 2025 (BSS/AFP) - European aircraft maker Airbus announced on Monday it reached a final deal to buy some assets of struggling US subcontractor Spirit AeroSystems, whose core business is being taken over by rival Boeing.

Airbus had announced almost a year ago its plans to acquire some operations of Spirit AeroSystems, which supplies fuselages, wings and other components to aircraft makers.

At the time, Airbus said the deal aimed to "ensure stability of supply for its commercial aircraft programmes through a more sustainable way forward".

The European group said on Monday it would take over Spirit sites in Kinston, North Carolina; St Nazaire, France; and Casablanca, Morocco.

It will also acquire production of fuselage, wings and other components in Wichita, Kansas; Belfast, Northern Ireland; and Prestwick, Scotland.

Airbus will receive $439 million in compensation from Spirit AeroSystems to take over the sites, lower than the $559 million figure announced in July last year.

Boeing announced last year a deal to acquire Spirit AeroSystems for $4.7 billion, bringing back in house a key supplier that it had spun off in 2005.

Spirit AeroSystems reported losses of $616 million in 2023.