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Boeing (NYSE: BA) is exploring ways to minimize or reduce Spirit AeroSystems’ (NYSE:SPR) is linking up with European rival Airbus (OTCPK:EADSF) ahead of a potential takeover of the supplier, according to a Reuters report citing sources.
Spirit (SPR) is currently part of Airbus” (OTCPK:EADSF) supply chain, with the aircraft manufacturer expected to contribute a fifth of SPR’s revenue in 2023. That could complicate Boeing’s supply chain (BA) potential acquisition process of the supplier.
If a deal is reached, Boeing (BA) could consider redeploying or offloading Spirit’s (SPR) business to Airbus (OTCPK:EADSF), the report said.
Boeing (BA) is also likely preparing for European regulators to object to Airbus ( OTCPK:EADSF ) depending on its rival for critical components, some of which use proprietary designs and technology.
Spirit (SPR) has held exploratory talks with Airbus (OTCPK:EADSF) about selling its Belfast, Northern Ireland plant. Boeing (BA) is reportedly not interested in owning Spirit’s Airbus business, which includes the factory.
Separately, Boeing (BA) is also considering the sale of at least two businesses in its defense, space and security units.