Asia Tech Wire (July 1) -- Boeing announced Monday that it has entered into a definitive agreement to acquire its component supplier Spirit AeroSystems.

The deal is an all-stock transaction with an equity value of approximately $4.7 billion, or $37.25 per share.

And the total transaction value is approximately $8.3 billion, including Spirit Aero's most recently reported net debt.

Boeing's acquisition of Spirit Aero will include virtually all Boeing-related commercial businesses, as well as additional commercial, defense and aftermarket businesses.

As part of the transaction, Boeing will work with Spirit Aero to ensure continuity of operations in support of Spirit Aero's customers and its acquisitions, including with the U.S. Department of Defense, among others.