Spirit AeroSystems Holdings, Inc. has announced an agreement to sell its Subang, Malaysia facility and associated businesses to Composites Technology Research Malaysia (CTRM) for US$95.2 million, subject to standard adjustments. The transaction follows Spirit’s earlier merger agreement with Boeing and a subsequent definitive agreement with Airbus, and is expected to conclude in the fourth quarter of 2025, pending regulatory approvals and the fulfilment of closing conditions.
The Subang operation is regarded as a leading engineering and manufacturing site, occupying 45 acres within the Malaysian International Aerospace Centre and offering a 400,000 ft² production footprint. It employs more than 1,000 people and provides aero structures assembly, support services and an integrated supply chain. The facility benefits from strategic access to regional material sourcing, competitively priced skilled labour, and scalable production capabilities.
Once the deal is completed, CTRM will become a key supplier to Airbus for the A220, A320, and A350 programmes, as well as to Boeing for the 737 and 787 models. This will further strengthen Malaysia’s role in the global aerospace supply chain, bolstering its reputation as a competitive manufacturing hub for major aircraft programmes.
Commenting on the agreement, Irene Esteves, Spirit AeroSystems’ Executive Vice President and Chief financial officer, said: “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. This also marks a milestone in the ongoing acquisition of Spirit by Boeing.”
The sale is seen as part of Spirit AeroSystems’ broader strategic realignment amid its transition into Boeing’s ownership, while ensuring that the Subang facility continues to thrive under CTRM’s stewardship and maintain its role as a critical contributor to both Airbus and Boeing aircraft production.
