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Update: Market Chatter: Boeing Bid for Spirit AeroSystems Muddled by Airbus Assets
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Update: Market Chatter: Boeing Bid for Spirit AeroSystems Muddled by Airbus Assets
Apr 23, 2024 8:01 AM

10:44 AM EDT, 04/23/2024 (MT Newswires) -- (Updates with details starting in second paragraph and Boeing ( BA ) declines to comment in sixth.)

Boeing's ( BA ) plan to reacquire Spirit AeroSystems Holdings ( SPR ) has been delayed over pricing for factories that make Airbus components, Bloomberg reported Tuesday, citing people close to the matter.

Discussions are moving at a sluggish pace and aren't close to a conclusion, the report said.

The transaction is complex because Spirit also produces parts for manufacturers including Northrop Grumman ( NOC ) , along with Airbus, the report said.

All involved parties are willing to reach an agreement, the report said.

Airbus said it's in "early stage discussions on a variety of options, including acquiring from Spirit some of the activities that they carry out" for the French company, Bloomberg reported.

Boeing ( BA ) declined to comment, and Airbus and Spirit didn't immediately respond to MT Newswires' requests for comment.

Shares of Boeing ( BA ) fell 0.3% in recent trading Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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