FTC says Boeing to divest Spirit assets to proceed with deal

The Federal Trade Commission said it will require Boeing (BA) to divest “significant” Spirit AeroSystems (SPR) assets to resolve antitrust concerns surrounding its acquisition of Spirit. Under a proposed consent order, Boeing will divest Spirit businesses that currently supply aerostructures to Airbus (EADSY) and Spirit’s Subang, Malaysia aerostructures business that currently supplies aerostructures to Boeing and Airbus. The FTC’s order also requires Boeing and Spirit to continue to provide aerostructures and aerostructure services to competing contractors for military aircraft programs.