The planned re-acquisition of Spirit AeroSystems by Boeing is now under review by the UK’s Competition and Markets Authority (CMA). The antitrust investigation into the merger will examine if the transaction raises the risk of a substantial lessening of competition…
Beleaguered Spirit AeroSystems, which is in financial difficulty prior to the completion of its acquisition by Boeing and spin-off of a portion to Airbus, is selling its Fiber Materials unit. The transaction with Tex-Tech Industries is an all cash deal…
Troubled Spirit AeroSystems, which is negotiating with Boeing to re-acquire the company, reported a first quarter loss of ($617) million, compared with a loss of ($281) million last year. Net revenues were 19% higher at $1.703 billion, up from 1.431…