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Boeing (NYSE:BA) and European rival Airbus (OTCPK:EADSY) (OTCPK:EADSF) are working on a possible deal that would divide the operations of aircraft parts supplier Spirit AeroSystems (NYSE:SPR), Reuters reported Thursday, citing people familiar with the matter.
An agreement between the two plane makers would effectively end Boeing’s (BA) longer-term effort to outsource manufacturing after a near-catastrophe on a 737 Max 9 that in early January lost a metal panel after takeoff.
Spirit AeroSystems (SPR), which was spun out of Boeing (BA) in 2005, is a key supplier to Boeing (BA) and Airbus (OTCPK:EADSY) (OTCPK:EADSF). The two plane makers are seeking to form different ties with Spirit (SPR) through a timed "framework" deal, Reuters reported.
Previously, Boeing (BA) had weighed acquiring Spirit (SPR) as a single company before selling factories worldwide that mostly supply Airbus (OTCPK:EADSF) (OTCPK:EADSY), Reuters reported.
Boeing (BA) and Spirit AeroSystems (SPR) had hoped to announce some kind of deal as early as the last week of March, The Wall Street Journal reported.
Boeing CEO Dave Calhoun, who announced he would step down at the end of the year, last week said he hoped a deal with Spirit (SPR) would be inked soon.
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