What Happened
FTC Requires Divestiture To Address Antitrust Concerns
The Federal Trade Commission (FTC) has ordered Boeing to divest significant Spirit AeroSystems assets to address antitrust concerns related to its $8.3 billion acquisition. The divestiture includes Spirit operations that provide aerostructures to Airbus and Composites Technology Research Malaysia (CTRM), as well as the sale of Spirit’s aerostructures business in Subang, Malaysia. Boeing must also offer transitional support to these manufacturers and maintain supply chains for competitors. The FTC’s action aims to protect competition in the large commercial and military aircraft sectors. This development was first reported by AeroTime.