WICHITA, Kan. (KWCH) – On Sunday, Boeing agreed to acquire Spirit AeroSystems for $37.25 per share in an all-stock deal that values the supplier at more than $4 billion, according to a report from Reuters.

Reuters sources said the boards of Boeing and Spirit met on Sunday and agreed to the deal’s terms. An official announcement could come as soon as Monday.

The deal, subject to regulatory approvals, would lead to Spirit’s breakup, with some of its assets going to Airbus, the French planemaker.

In March, Boeing announced that it was in talks to buy back Spirit, which builds fuselages for Boeing 737 Max jetliners, including the one that suffered a door-panel blowout on an Alaska Airlines flight in January.

Boeing stated that integrating the supplier back into the Boeing organization would enhance plane quality and safety, which has experienced increasing scrutiny from regulators, Congress and airlines.

12 News is contacting Spirit and Boeing for comment and will update this story as more details become available.

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