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LONDON, UK / ACCESSWIRE / May 4, 2018 / If you want access to our free research report on Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit") all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SPR as the Company's latest news hit the wire. On May 2, 2018, the Company announced that it has inked an agreement to acquire S.R.I.F. N.V., the parent Company of Belgium-based Asco Industries, N.V. ("Asco"), for approximately $650 million in cash. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Rockwell Collins, Inc. (NYSE: COL), which also belongs to the Industrial Goods sector as the Company Spirit AeroSystems Holdings. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Spirit AeroSystems Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=SPR

Deal Details

  • Spirit will fund the transaction through new debt.
  • Spirit expects to realize attractive cost synergies from the deal. The acquisition will be accretive to its adjusted non-GAAP earnings per share (EPS) in the first full year after closing.
  • The transaction, likely to close in the second half of 2018, is subject to regulatory approvals and customary closing conditions.
  • Post-acquisition, Asco's Chief Executive Officer (CEO), Christian Boas, will remain with the business.
  • Methuselah Advisors and Goldman Sachs & Co. LLC served as financial advisors, and Sullivan & Cromwell LLP and Stibbe served as legal advisors to Spirit. Lazard served as sole financial advisor to the sellers, and Eubelius and Gibson Dunn & Crutcher LLP served as legal advisors to the sellers.

Acquisition Expands Spirit's Airbus Content on A320 and A350 Wings and Adds New Defense Content on the F-35

Tom Gentile, President and CEO of Spirit, stated that Asco is a compelling fit for the Company that aligns extremely well with the strategic priorities it has been communicating. Specifically, it expands Spirit's Airbus content on A320 and A350 wings; adds new defense content on the F-35; and broadens the Company's commercial capabilities to help grow fabrication business. Gentile added that Spirit is pleased to acquire a business of this scale that has such an outstanding reputation with its customers dating back to 1954, and a strong management team led by CEO Christian Boas.

Combination will Deliver Long-Term Benefits to Customers

Commenting on the acquisition, Christian Boas, CEO of Asco, stated that this transaction with Spirit represents an excellent outcome for Asco. As it becomes part of a larger, global enterprise with greater combined expertise and resources, Asco will be even better positioned to deliver long-term benefits to its customers and it looks forward to joining Spirit as it embarks on the next chapter in the Company's history.

About Asco Industries, N.V.

Asco engages in the development, manufacture, treatment, and assembly of steel and titanium high-precision components for the aerospace industry. The Company offers flap actuation devices, slat actuation systems, engine mounts, and landing gear components. Founded in 1954 and headquartered in Zaventem, Belgium, Asco operates from four locations, Belgium, Canada, the US, and Germany with over 1,300 employees.

About Spirit AeroSystems Holdings, Inc.

Founded in 2005 and headquartered in Wichita, Kansas, Spirit is one of the world's largest non-OEM designers and manufacturers of aero-structures for commercial aircraft. In the US, Spirit's core products include fuselages, pylons, nacelles, and wing components.

Stock Performance Snapshot

May 3, 2018 - At Thursday's closing bell, Spirit AeroSystems' stock declined 2.01%, ending the trading session at $82.20.

Volume traded for the day: 1.59 million shares, which was above the 3-month average volume of 1.16 million shares.

Stock performance in the previous six-month period ? up 2.62%; and past twelve-month period ? up 54.19%

After yesterday's close, Spirit AeroSystems' market cap was at $9.29 billion.

Price to Earnings (P/E) ratio was 25.12%.

The stock has a dividend yield of 0.49%.

The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry. This sector was up 0.3% at the end of the session.

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