Boeing Acquires Spirit AeroSystems Belfast Operations Amid Failed Sale

Boeing Co. is set to regain ownership of Spirit AeroSystems' Belfast operations after Spirit struggled to find a third-party buyer, marking a significant move to reunite with its former Wichita division. The transaction will involve splitting control of the Belfast factory complex with Airbus SE, which is prepared to acquire key assets including the A220 wing production site. Analysts maintain a positive outlook on Boeing's stock, with an average one-year price target suggesting a potential 9.40% upside, although GuruFocus's GF Value indicates a possible 9.05% downside, reflecting market uncertainties. Boeing has received an 'Outperform' rating from brokerage firms, underscoring confidence in its future performance amid these strategic asset acquisitions. The complex deal highlights Boeing’s commitment to consolidating its manufacturing capabilities despite challenges in divesting parts of Spirit AeroSystems. This development is closely watched by investors as it could impact Boeing's operational control and competitive positioning against Airbus.