Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 126

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 126
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, in addition to settling the Airbus Loan Arrangements amount of $141.9 as defined in the Airbus Purchase Agreement. The sale consideration is also subject to other purchase price adjustments and closing conditions, currently estimated at $114.0 due from Airbus SE.At the closing of this transaction, Airbus SE will take ownership of the following Spirit AeroSystems assets:•the site of Kinston, North Carolina, U.S. (A350 fuselage sections);•the site of St. Nazaire, France (A350 fuselage sections);•the site of Casablanca, Morocco (A321 and A220 components);•the production of A220 pylons in Wichita, Kansas, U.S.; and•the production of A220 wings and mid-fuselage sections in Belfast, Northern Ireland.On April 27, 2025, and June 27, 2025, the Company gave notice to Airbus SE under the Airbus Purchase Agreement indicating it was abandoning the sale process of a) the assets primarily related to the Airbus SE work packages operated in Spirit’s facilities in Prestwick, Scotland, and b) the assets primarily related to Airbus’ A220 mid-fuselage program in Belfast, Northern Ireland, respectively. Accordingly, under the Purchase Agreement, such assets will be included in the assets to be acquired by Airbus SE, subject to the terms and conditions of the Purchase Agreement.Subang, Malaysia BusinessOn August 8, 2025, the Company entered into a share purchase agreement with Composites Technology Research Malaysia Sdn. Bhd., to sell its facility and businesses in Subang, Malaysia, for $95.2, subject to customary adjustments, (the “Malaysia Business Disposition”). The Malaysia Business Disposition, historically reported in the Company’s Commercial segment, is expected to close in the fourth quarter of 2025, subject to regulatory approvals and closing conditions being met.The Company has determined that the Airbus Business Disposition and Malaysia Business Disposition constitute separate held for sale groups, as the terms and conditions, and respective economic effects, are independent of each other. The net carrying amounts of the assets and liabilities included in the Airbus Business Disposition and the Malaysia Business Disposition classified as held for sale in our Condensed Consolidated Balance Sheets as of October 2, 2025, were comprised of the following:

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Table of ContentsSpirit AeroSystems Holdings, Inc. Notes to the Condensed Consolidated Financial Statements (unaudited)(U.S. Dollars in millions other than per share amounts)