KUALA LUMPUR, DRB-Hicom Bhd has announced plans to acquire the Malaysian operations of aerospace manufacturer Spirit AeroSystems in a deal valued at US$95.2 million (RM426.1 million).
Upon completion by year-end, Spirit AeroSystems Malaysia Sdn Bhd will come under the full ownership of Composites Technology Research Malaysia Sdn Bhd (CTRM), DRB-Hicom’s wholly owned aerospace subsidiary.
DRB-Hicom described the acquisition as a strategic move to strengthen CTRM’s position in the aerospace sector by expanding its aerostructure capabilities.
Spirit Malaysia, based at the Malaysia International Aerospace Centre in Subang — its Southeast Asian hub — supplies key components for major Airbus and Boeing programmes, including the A220, A320, A321, A350, B737 and B787. In 2024, it posted a net profit of RM70.1 million on revenue exceeding RM1 billion.
CTRM specialises in composite manufacturing, producing wing components for the A320, A350 and A380, nacelles for the A350, and various aerostructures for the A400M, B737, B787, B767 and B777.
The combined operations are expected to deliver greater scale, stronger customer relationships, improved pricing power, and enhanced competitiveness across the supply chain. DRB-Hicom said the integration will also boost CTRM’s ability to secure integrated work packages and new contracts.
The acquisition coincides with Boeing’s planned takeover of Spirit AeroSystems’ US parent, while Airbus is set to assume certain Spirit assets tied to its programmes.
Should regulatory approvals from the European Commission or US Federal Trade Commission be denied, or if government opposition arises, the seller will pay a US$7 million termination fee.
AmInvestment Bank is acting as principal adviser for the transaction. Shares in DRB-Hicom closed unchanged on Monday following the announcement.
