Spirit Aerosystems gains amid report Airbus on track to sign deal by year-end

Spirit Aerosystems (NYSE:SPR) rose 1.3% amid a report that Airbus (OTCPK:EADSY) is on track to sign an agreement with the aircraft maker before the end of the year as part of Spirit’s $4.7 billion planned sale to Boeing (BA).

Airbus (OTCPK:EADSY) is expected to sign a definitive agreement with Spirit (SPR) for the purchase of Airbus-related worked packages “within the next couple days,” an Airbus spokesperson told Equity Report earlier.

Under Boeing’s (BA) planned $37.25 a share takeover of Spirit, Airbus (OTCPK:EADSF) will take over operations of loss-making plants that supply key parts for its A220 and A350 passenger jets.