Boeing anticipates Spirit AeroSystems agreement may finalize by year's end pending FTC approval.
Boeing's Acquisition of Spirit AeroSystems: Boeing expects to finalize its $4.7 billion acquisition of Spirit AeroSystems by year-end, following FTC approval and necessary divestitures, primarily involving Airbus.
Market Reactions: Following the FTC's decision, Boeing's stock fell by 3%, while Spirit's shares rose by 3.5%, indicating mixed investor sentiment regarding the deal's implications for competition.
Operational Changes: The acquisition will see Boeing regain most of Spirit's operations, including the Wichita site for 737 fuselage production, while Airbus will take control of Spirit's facilities in North Carolina and Belfast.
Regulatory Oversight: To ensure fair competition, the FTC will implement independent monitoring to prevent Boeing from exerting undue influence over Airbus's supply chain and to maintain Spirit's role as a supplier for defense contractors.
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