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Spirit AeroSystems Sells Subang Facility to CTRM for $95.2M.
ByAinvest
Friday, Aug 8, 2025 5:18 pm ET1min read
Spirit AeroSystems has agreed to sell its facility in Subang, Malaysia to Composites Technology Research Malaysia Sdn Bhd (CTRM) for $95.2 million. The transaction is expected to close in Q4 2025, subject to regulatory approvals and closing conditions. The Subang facility is a world-class engineering and manufacturing business occupying 45 acres with a 400,000 square-feet manufacturing footprint. The sale is part of Spirit AeroSystems' previously announced merger agreement with Boeing and subsequent definitive agreement with Airbus.
WICHITA, Kan., Aug. 8, 2025 /PRNewswire/ -- 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 $95.2 million, subject to customary adjustments [1]. The transaction is expected to close in the fourth quarter of 2025, pending regulatory approvals and the fulfillment of closing conditions.The Subang facility, located in Malaysia's International Aerospace Centre, covers 45 acres and has a 400,000 square-feet manufacturing footprint. It employs over 1,000 employees and offers aerostructures assembly and services capabilities, along with an integrated supply chain that provides access to regional material sourcing, skilled labor, and scalability.
The sale is part of Spirit AeroSystems' previously announced merger agreement with Boeing and subsequent definitive agreement with Airbus. This transaction will enable CTRM to become a significant supplier to Airbus for its A220, A320, and A350 programs, as well as to Boeing for its 737 and 787 programs.
Irene Esteves, Spirit AeroSystems executive vice president and chief financial officer, stated, "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."
The transaction is subject to customary adjustments and is expected to close in the fourth quarter of 2025, pending regulatory approvals and the fulfillment of closing conditions.
Reference List:
[1] https://www.prnewswire.com/news-releases/spirit-aerosystems-announces-definitive-agreement-with-ctrm-for-acquisition-of-facility-in-subang-malaysia-302525585.html
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