Spirit AeroSystems Holdings, announced it has entered into a purchase agreement to sell its Subang, Malaysia facility and associated businesses to Composites Technology Research Malaysia Sdn Bhd (CTRM) for $95.2 million, subject to customary closing adjustments.
The sale follows Spirit AeroSystems’ previously announced merger agreement with Boeing, along with a definitive agreement with Airbus. The transaction is expected to close in the fourth quarter of 2025, pending regulatory approvals and the satisfaction of closing conditions.
Located in the Malaysian International Aerospace Centre, Spirit’s Subang operations span 45 acres with a 400,000-square-foot manufacturing footprint and employ more than 1,000 skilled professionals. The facility is recognized for its world-class aerostructures assembly, engineering, and services capabilities, as well as an integrated supply chain with in-region material sourcing, cost-efficient labor, and scalability to meet global demand.
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Upon completion of the transaction, CTRM will supply major aerostructures for both Airbus programs (A220, A320, A350) and Boeing programs (737, 787), reinforcing its position as a key player in the global aerospace supply chain.
“Our agreement with CTRM for the acquisition of this important manufacturing facility ensures a strong future for this business as well as the regional stakeholders in Malaysia,” said Irene Esteves, Spirit AeroSystems executive vice president and chief financial officer. “This also marks a milestone in the ongoing acquisition of Spirit by Boeing.”