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00:03Boeing shares fell on Wednesday after the Federal Trade Commission
00:05ordered the company to divest major Spirit Aerosystems assets, according to Benzinga.
00:11The move addresses antitrust concerns tied to Boeing's proposed $8.3 billion acquisition
00:16of Spirit's Aerostructures business. The FTC's consent order requires Boeing to sell Spirit
00:21businesses that supply Airbus and to divest the Sabang Malaysia Aerostructures facility
00:26to Composites Technology Research Malaysia. The order also requires Boeing to provide
00:31transition support to Airbus and CTRM to ensure smooth production handovers.
00:36The divestitures are designed to preserve competition in commercial and military markets
00:40by ensuring rival access to fuselages and wings and maintaining non-discriminatory supply
00:46for existing and future military contracts. Shares were down by 1.38% to $202.54 by Wednesday's
00:54market close, according to data from Benzinga Pro. For all things money, visit Benzinga.com.
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