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Spirit AeroSystems Enters Purchase Agreement to Sell Fiber Materials, Inc. to Tex-Tech Industries

Nov 18, 2024•over 1 year ago

Contract Type

agreement

WichitaManufacturing

Description

Today, Spirit AeroSystems Holdings, Inc. announces an agreement to sell Fiber Materials, Inc. (FMI) business to Tex-Tech Industries, Inc. for $165,000,000 in cash

Company Information

Company

Spirit AeroSystems

Location

Wichita, Kansas, United States

About

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. Also, Spirit 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.

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