Spirit AeroSystems Rises as FTC Mandates Boeing to Sell Assets for Deal Clearance

Spirit AeroSystems Stock Rise: Spirit AeroSystems (SPR) shares increased by 3% following the FTC's announcement that Boeing (BA) must divest certain Spirit assets to address antitrust issues related to its acquisition.

Divestiture Details: Boeing will divest key Spirit businesses that supply aerostructures to Airbus and the Subang, Malaysia aerostructures business, which currently serves both Boeing and Airbus.

FTC's Statement: David J. Shaw from the FTC emphasized the importance of maintaining competition in aircraft manufacturing to ensure reliable components for American commercial and military travelers.

Regulatory Approvals: The FTC's approval follows earlier clearances from the European Union and the U.K.'s antitrust regulator, indicating a significant step forward for Boeing's acquisition plans.