Fuselage maker Spirit Aerosystems surges on report that Boeing could buy it back

FAN Editor

Airplane fuselages bound for Boeing’s 737 Max production facility sit in storage at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019. 

Nick Oxford | Reuters

Shares of Spirit Aerosystems, the fuselage maker for Boeing’s 737 Max jets, surged Friday after a report that Boeing is in talks to acquire the company.

Spirit’s stock was up 16% following the report, while Boeing’s shares traded relatively flat.

A spokesperson for Spirit told CNBC, “We do not comment on market speculation.” Boeing declined to comment on the report.

The report comes less than two months after a section of Boeing 737 Max 9 plane blew out during an Alaska Airlines flight. The Federal Aviation Administration temporarily grounded all of the planes in January, leading to investigations into the hardware malfunctions.

— CNBC’s Leslie Josephs contributed to this report

This is breaking news. Please check back for updates.

Free America Network Articles

Leave a Reply

Next Post

New York Community Bancorp shares plummet as CEO exits amid loan woes

Shares of New York Community Bancorp plunged by double digits on Friday after the sudden exit of the regional bank’s longtime president and CEO. The departure coincides with the bank’s disclosure of “material weaknesses” related to loans. Thomas Cangemi relinquished his leadership roles at the bank after 27 years, with […]

You May Like