Spirit AeroSystems Holdings, Inc. (NYSE: SPR) announces a purchase 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. This transaction was entered into following the previously announced merger agreement with Boeing and subsequent definitive agreement with Airbus. The transaction is expected to close in the 4th quarter of 2025, subject to regulatory approvals and closing conditions being met. Spirit AeroSystems’ business in Subang is a world-class engineering and manufacturing business, which occupies 45 acres with 400,000 square-feet manufacturing footprint in Subang’s Malaysian International Aerospace Centre and employs over 1,000 employees. The operation offers aerostructures assembly, and services capabilities, and an integrated supply chain with access to advantaged, in-region material sourcing, best-cost skilled labor, and scalability. As a result of this transaction, CTRM will become an important supplier to Airbus for their A220, A320, and A350 programs, and to Boeing on the 737 and 787 programs.
“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,” said Irene Esteves, Spirit AeroSystems executive vice president and chief financial officer. “This also marks a milestone in the ongoing acquisition of Spirit by Boeing.”
Composites Technology Research Maylasia is a recognized Tier 2 advanced aerospace composite supplier specializing in the development and production of composites sub-assemblies for Tier 1 global aerospace suppliers, who in turn supply directly to leading aircraft original equipment manufacturers (“OEMs”). CTRM’s core expertise lies in developing and producing aircraft composites components, designing, developing and manufacturing composites components for aerospace as well as non-aerospace applications. CTRM also offers a range of support services such as testing laboratory facilities, composites engineering and supplier management services.
Spirit AeroSystems is one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company’s core products include fuselages, integrated wings and wing components, pylons, and nacelles. We are leveraging decades of design and manufacturing expertise to be the most innovative and reliable supplier of military aerostructures, and specialty high-temperature materials, enabling warfighters to execute complex, critical missions. Spirit also serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco. More information is available at www.spiritaero.com.
