The deal to buy Spirit AeroSystems has excited the market, but there's still a lot of work to do.
Boeing (BA) is set to acquire Spirit AeroSystems for approximately $8.3 billion, including the company's most recent reported net debt.
Boeing's long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the planemaker's search for a new CEO. Boeing has been looking for a new head after Dave Calhoun said in March he would step down by year-end, in a broad management shakeup following a January mid-air panel blowout on a 737 MAX plane. Several potential candidates have emerged, including Patrick Shanahan, who has been running Spirit AeroSystems for the past nine months.