Spirit AeroSystems (SPR) shares dropped more than 3% in pre-market trading Tuesday after Bloomberg reported late Monday that Boeing (BA) changed the terms of its all-cash offer to reacquire the parts supplier for a mostly stock deal valuing the aerostructure supplier at about $35 per share.
Boeing (BA) is set to procure nine various configurations of flight control surface spares, which will be used on the F/A-18E/F and E/A-18G aircraft.
Boeing Co (NYSE:BA, ETR:BCO) has moved to resolve its ongoing production issues with a US$4 billion bid for the parts supplier blamed for many of the problems. The jet maker has offered to buy Spirit AeroSystems in a mostly all-share deal that values the fuselage supplier at about $35 per share, Bloomberg News has reported.
Flying car stocks are not the future. Flying car stocks are now!
Airbus stock fell 11% after cutting 2023 delivery targets due to supply chain issues. It spells problems for airlines as Boeing has also reduced production.
With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
Dow giant Boeing will buy key supplier Spirit Aerosystems, The Wall Street Journal reported Monday night. The deal will be mostly in stock.
Boeing has offered to acquire Spirit AeroSystems Holdings Inc in a deal funded mostly by stock that values the key supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter.
After getting close to a more than $4 billion all-cash deal over the weekend, jet maker Boeing Co. is now proposing using stock to buy jet-parts manufacturer Spirit AeroSystems Holdings Inc., the Wall Street Journal reported on Monday.
Boeing BA 1.44%increase; green up pointing triangle has proposed funding its acquisition of partsmaker Spirit AeroSystems SPR -1.46%decrease; red down pointing triangle with stock rather than cash, according to people familiar with the matter, a last-minute twist in deal talks that comes as the jet maker burns through more than $1 billion a month.
Family members of victims killed in two Boeing 737 MAX crashes asked a U.S. judge to name a corporate monitor to examine the planemaker's safety and corporate compliance procedures.
Problems with Boeing's Starliner capsule, still docked at the International Space Station (ISS), have upended the original plans for its return of its two astronauts to Earth, as last-minute fixes and tests draw out a mission crucial to the future of Boeing's space division.