Boeing acquiring supplier Spirit AeroSystems for $4.7B

Boeing said Monday that it plans to purchase Spirit AeroSystems in a $4.7 billion all-stock deal decades after it spun off the supplier.

The planemaker has for years outsourced parts of its production process to the Spirit. But as Boeing seeks to rehabilitate its safety and quality record after the door plug of a Boeing 737 Max 9 blew off during an Alaska Airlines flight in January, the move would give the company more oversight and control of manufacturing processes amid ongoing scrutiny by federal regulators...