Spirit AeroSystems up as FTC demands Boeing divest co's assets

Shares of Spirit AeroSystems SPR.N up 2.7% at $38.54

U.S. FTC says it will require Boeing BA.N to divest significant SPR assets to resolve antitrust concerns around its $8.3 bln acquisition

Under a proposed consent order, BA will divest Spirit businesses that currently supply aerostructures to Airbus SE AIR.PA

Boeing will also divest Spirit’s Subang, Malaysia, aerostructures business, which currently supplies aerostructures to Boeing and Airbus

Up to last close, SPR had gained ~10% YTD