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Boeing explores acquisition of Spirit AeroSystems

EditorLina Guerrero
Published 01/03/2024, 22:28
Updated 01/03/2024, 22:28
© Reuters.

ARLINGTON, Va. - Boeing Co . (NYSE: NYSE:BA) is in preliminary talks to potentially reintegrate Spirit AeroSystems (NYSE:SPR) into its operations, a move aimed at enhancing aviation safety and product quality. The aerospace giant confirmed today that discussions are underway with Spirit AeroSystems, though there is no certainty that an agreement will be reached.

The potential merger would mark a significant shift in the aerospace industry, as it would bring a major supplier back under the Boeing umbrella. The two companies have a long history of collaboration, with Spirit AeroSystems currently manufacturing several key components for Boeing's commercial aircraft.

Boeing emphasized that the primary goal of these discussions is to improve the safety and quality of its airplanes. This focus comes as the industry continues to recover from the challenges posed by the COVID-19 pandemic and past safety issues. By potentially bringing Spirit AeroSystems' operations in-house, Boeing aims to have more direct control over manufacturing processes and quality assurance measures.

The company stated that the integration would benefit various stakeholders, including customers who rely on Boeing's aircraft for daily travel, employees who would be part of a more streamlined operation, and shareholders who may see long-term value from the enhanced focus on quality and safety.

The news of the talks comes as Boeing continues to work on regaining its footing in the commercial aviation market, following the grounding of its 737 MAX aircraft in the wake of two fatal crashes. Since then, Boeing has been working diligently to revamp its safety protocols and restore confidence among its customers and the flying public.

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