The aerospace company said it is in preliminary talks about a deal for the business, which it spun off in 2006.
Boeing (BA) has confirmed it is in talks to acquire Spirit AeroSystems (SPR) amid its 737 Max safety woes, per the Wall Street Journal. S&P Global Ratings Director Ben Tsocanos and Bloomberg Intelligence Airline Analyst George Ferguson join Yahoo Finance Live to discuss the potential acquisition. Ferguson says that if the 737 Max challenges persist, buying Spirit provides the "quickest path to quality" by overhauling Boeing's supply chain oversight. While competitive hurdles arise, he believes integrating Spirit is "absolutely critical" to fixing quality control issues. However, Tsocanos notes a big "obstacle" regulators may see is from Boeing insourcing key parts it sells to rivals today. Bringing Spirit in-house may "simplify the quality control process," for Boeing's quality control but raises conflicts of interest. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
(Bloomberg) -- Boeing Co. is in discussions to acquire Spirit AeroSystems Holdings Inc., a move that would reclaim control of its struggling former aerostructures unit and the main supplier at the center of numerous quality issues affecting the 737 Max airliner.Most Read from BloombergNvidia Becomes Tesla’s Successor as Market Flips From EV to AIWhat to Remember If the Stock Market Takes a DiveHaley Casts Doubt on Nominee Pledge After Trump’s Power PlayFed’s Powell to Double Down on ‘No Rush to