Spirit AeroSystems Sells Malaysian Facility and Businesses for $95.2M

Spirit AeroSystems has agreed to sell its facility and businesses in Malaysia to Composites Technology Research Malaysia for $95.2M. The transaction is expected to close in Q4 2025, subject to regulatory approvals and closing conditions being met. This sale follows Spirit's previously announced merger with Boeing and subsequent definitive agreement with Airbus.

WICHITA, Kan., July 2, 2025— Spirit AeroSystems Holdings, Inc. (NYSE: SPR) has announced a definitive agreement to sell its facility and businesses in Subang, Malaysia to Composites Technology Research Malaysia Sdn Bhd (“CTRM”) for $95,200,000, subject to customary adjustments. The transaction is expected to close in the fourth quarter of 2025, contingent upon regulatory approvals and meeting closing conditions [1].

The Subang facility, located in the Malaysian International Aerospace Centre, covers 45 acres and includes a 400,000 square-foot manufacturing footprint. It employs over 1,000 employees and offers aerostructures assembly and services capabilities, along with an integrated supply chain that leverages local material sourcing, skilled labor, and scalability. This acquisition will enable CTRM to become a significant supplier for Airbus' A220, A320, and A350 programs, as well as Boeing's 737 and 787 programs [1].

Irene Esteves, Spirit AeroSystems executive vice president and chief financial officer, commented, "Our agreement with CTRM for the acquisition of this important manufacturing facility ensures a strong future for this business as well as the regional stakeholders in Malaysia. This also marks a milestone in the ongoing acquisition of Spirit by Boeing" [1].

Spirit AeroSystems, one of the world's largest aerostructures manufacturers, specializes in aluminum and advanced composite manufacturing solutions. With facilities in the U.S., U.K., France, Malaysia, and Morocco, the company serves commercial airplanes, defense platforms, and business/regional jets. CTRM, a recognized Tier 2 advanced aerospace composite supplier, focuses on developing and producing composites sub-assemblies for Tier 1 global aerospace suppliers [1].

The transaction is subject to forward-looking statements and risks, including regulatory approvals, market conditions, geopolitical factors, and operational challenges. Spirit AeroSystems cautions investors not to place undue reliance on forward-looking statements [1].

References:
[1] https://www.spiritaero.com/pages/release/spirit-aeroystems-announces-definitive-agreement-with-ctrm-for-acquisition-of-facility-in-subang-malaysia/