The Boeing Company (NYSE: BA) recently signed a contract to buy back Spirit AeroSystems (NYSE: SPR), its largest independent supplier of aerostructures, which spun off from the jet maker in 2005. In addition to manufacturing aerostructures for every Boeing commercial aircraft currently in production, SPR designs, engineers and manufactures structural components for BA's P-8 and KC-46 Tanker aircraft. As stipulated in the agreement, Boeing will have to pay the acquisition price of $4.7 billion. Including Spirit's most recently disclosed net debt, the entire deal value comes to almost $8.3 billion. Benefits of the Acquisition Boeing already enjoys a significant presence in the aerospace sector, both in the commercial and defense segments, and the acquisition of Spirit AeroSystems is anticipated to strengthen its revenue generation prospects from this space. In the commercial segment, SPR offers a wide range of products like fuselage, nacelles, wing structures and a few more. Considering the fact that Boeing has been recently struggling financially from a slowdown in its delivery for 737 Max as well as production issues of the 787 model, the addition of SPR to its portfolio can be expected to boost its commercial portfolio in the coming days. Moreover, since Spirit ...