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Boeing in talks to acquire Spirit AeroSystems, analysts discuss 'negative' financial benefits

Published 03/01/2024, 11:11 AM
Updated 03/01/2024, 04:05 PM
© Reuters.  Boeing holds preliminary discussions about acquiring supplier Spirit AeroSystems - WSJ
(Updated - March 1, 2024 4:03 PM EST)

Boeing (NYSE:BA) is currently in discussions to acquire Spirit AeroSystems (NYSE:SPR), according to a report by The Wall Street Journal on Friday.

The publication states, citing people familiar with the matter, that the planemaker has had preliminary discussions with the troubled jet fuselage supplier it split off two decades ago. Spirit is said to have hired bankers to explore strategic options.

The WSJ cautioned that the talks may not result in a deal.

Still, Spirit shares rose more than 15% on Friday while Boeing dropped nearly 2%.

Both companies have been at the center of quality issues affecting 737 MAX jets. Boeing's manufacturing issues have been causing problems for Spirit, which has led to scrutiny of its production processes. A fuselage made by Spirit factory was involved Alaska Airlines door-plug blowout in January.

SPR is also reportedly exploring the sale of its Ireland-based operations that manufacture parts for Airbus, a rival of Boeing.

Furthermore, the WSJ says that privately, analysts have stated that fixing up Spirit as a separate entity has proven difficult.

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