Spirit AeroSystems has agreed to sell its Subang, Malaysia facility to CTRM for $95.2 million, enhancing CTRM's role as a supplier for major aircraft manufacturers.

Target Information

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) has entered into a purchase agreement to sell its facility and operations in Subang, Malaysia to Composites Technology Research Malaysia Sdn Bhd (CTRM) for $95,200,000, pending standard adjustments. This decision follows the recent merger agreement with Boeing and a definitive agreement with Airbus. The transaction is anticipated to finalize in the fourth quarter of 2025, contingent upon obtaining the necessary regulatory approvals and meeting closing conditions.

The Subang facility is a premier engineering and manufacturing establishment, encompassing 45 acres with a manufacturing footprint of 400,000 square feet within Malaysia’s International Aerospace Centre. The site employs over 1,000 workers and specializes in aerostructures assembly, offering a comprehensive supply chain with access to local material sourcing, skilled labor, and enhanced scalability.

Industry Overview in Malaysia

The aerospace industry in Malaysia has exhibited significant growth, driven by increasing global demand for air travel and a burgeoning manufacturing sector. As the country positions itself as a regional hub, facilities like the one in Subang play a crucial