Boeing (NYSE:BA) is reportedly in early talks to buy Spirit AeroSystems (NYSE:SPR), as per The Wall Street Journal. This move would reunite Boeing with its former jet fuselage supplier, which was spun off two decades ago. Amidst ongoing quality concerns with the 737 MAX jets, affecting both companies, Spirit has begun exploring strategic alternatives with the help of financial advisors. However, these discussions may not guarantee a deal.
Following the news, Spirit’s stock saw a notable increase of over 15% on Friday.
Recent manufacturing issues at Boeing have impacted Spirit, especially highlighted by an incident involving a Spirit-made fuselage in an Alaska Airlines flight earlier this year.