The Federal Trade Commission (FTC) has approved Boeing’s long-planned acquisition of Spirit AeroSystems two decades after it was spun off, according to The Seattle Times .

The decision was issued on Wednesday and allows the $4.7 billion all-stock merger to proceed under conditions designed to preserve competition in both the commercial and defense aviation sectors.

In a July 2024 news release , Boeing emphasized that the transaction is intended to improve manufacturing consistency and support the company’s engineering workforce.

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