Report: Boeing may reacquire Spirit at higher price despite hating optics
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Amid safety scandals involving "many loose bolts" and widespread problems with Boeing's 737 Max 9s, Boeing is apparently considering buying back Spirit AeroSystems, the key supplier behind some of Boeing's current manufacturing problems, sources told The Wall Street Journal.
Spirit was initially spun out from Boeing Commercial Airplanes in 2005, and Boeing had planned to keep it that way. Last year, Boeing CEO Dave Calhoun sought to dispel rumors that Boeing might reacquire Spirit as federal regulators launched investigations into both companies. But now Calhoun appears to be "softening that stance," the WSJ reported.
According to the WSJ's sources, no deal has formed yet, but Spirit has initiated talks with Boeing and "hired bankers to explore strategic options." Sources also confirmed that Spirit is weighing whether to sell its operations in Ireland, which manufactures parts for Boeing rival Airbus.