$4.7 billion deal

Boeing is set to acquire Spirit AeroSystems for $4.7 billion in a strategic move aimed at enhancing control over its production processes and improving its safety record. This acquisition comes as Boeing faces increased scrutiny from federal regulators and the Justice Department following several safety incidents, including a recent event where a door plug blew off during an Alaska Airlines flight in January.

Spirit AeroSystems, a longtime supplier for Boeing, has been instrumental in producing key components for Boeing's aircraft. By bringing Spirit AeroSystems in-house, Boeing aims. . .