Boeing's (BA) stock price rose 5.9% to $214.55 following news that its plan to acquire former subsidiary Spirit Aerosystems is progressing. The UK Competition and Markets Authority invited interested parties to help inform a decision on the proposed merger. Boeing spun off Spirit Aerosystems in 2005 and announced the acquisition bid last year to streamline operations and improve quality control.
Boeing's (BA) stock price rose 5.9% to $214.55 following news that its plan to acquire former subsidiary Spirit Aerosystems is progressing. The UK Competition and Markets Authority (CMA) has invited interested parties to help inform a decision on the proposed merger [1].
In 2024, Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock to regain control of key manufacturing operations [1]. The move aims to streamline its operations and improve quality control, particularly in Wichita and Oklahoma, which were originally spun off in 2005 [1].
Spirit AeroSystems, now the largest independent maker of aircraft structures, has worked with multiple aircraft manufacturers during its time as a separate company. Airbus completed a separate deal in April to acquire Spirit facilities that support its aircraft programs [1].
The CMA has not launched a formal investigation but is seeking public comments by July 15 to help decide the next step [1]. The regulator is considering whether the deal could affect competition in the UK or other markets [2].
Boeing and Spirit did not immediately respond to Reuters requests for comment [2]. The acquisition bid is part of Boeing's broader strategy to consolidate its operations and enhance its competitive position in the aerospace industry.
References:
[1] https://profit.pakistantoday.com.pk/2025/06/27/uk-regulator-reviews-boeings-deal-to-acquire-spirit-aerosystems/
[2] https://www.investing.com/news/stock-market-news/uk-competition-watchdog-weighs-probe-into-boeingspirit-aero-deal-4112988
Comments
No comments yet