Boeing has announced plans to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction, Ednews informs referring to CBS News.

Spirit is part of the aerospace giant's supply chain.

Boeing, located in Arlington, Virginia, announced the purchase in a statement early Monday. Spirit is headquartered in Wichita, Kansas.

At about the same time, European aerospace giant Airbus said it had entered into an agreement to buy "major activities related to Airbus" from Spirit.

Under intentions laid out in the announcements, Boeing would take over most of Spirit's operations.

Spirit builds fuselages and other significant parts for both Boeing and Airbus.

The Airbus agreement is set to commence when Boeing's acquisition of Spirit is completed, the two US companies said.

The Boeing acquisition's equity value of $4.7 billion comes to $37.25 per share, while the total value of the deal is around $8.3 billion, which includes Spirit's last reported net debt, Boeing said.

Airbus said it would "be compensated by payment of $559 million" from Spirit "for a nominal consideration of $1.00, subject to adjustments including based on the final transaction perimeter."