Boeing Plans Acquisition of Spirit AeroSystems, Trading Set to Suspend on December 8
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
- Acquisition Progress: Boeing's planned acquisition of its largest supplier, Spirit AeroSystems, is set for trading suspension on December 8, indicating Boeing's strategic intent to streamline its supply chain despite certain conditions still needing fulfillment for the deal's completion.
- Timeline for Deal: Boeing aims to finalize the acquisition within this year, although it faces conditional hurdles, reflecting the urgency of enhancing production efficiency and reducing costs in its operations.
- Market Reaction: Spirit AeroSystems declined to comment on the transaction, suggesting a cautious market sentiment that could impact investor confidence in Boeing's future growth potential amid the acquisition process.
- Supply Chain Integration: This acquisition will further solidify Boeing's market position in aerospace manufacturing, as the integration with a key supplier aims to optimize production processes and enhance competitive advantage in the industry.
Analyst Views on BA
Wall Street analysts forecast BA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BA is 249.07 USD with a low forecast of 150.00 USD and a high forecast of 285.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
13 Buy
2 Hold
1 Sell
Strong Buy
Current: 247.740
Low
150.00
Averages
249.07
High
285.00
Current: 247.740
Low
150.00
Averages
249.07
High
285.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
