Spirit AeroSystems in talks on asset sale, no time frame set, Reuters says Spirit AeroSystems is in talks with a number of potential buyers interested in its Oklahoma operations but has no time frame for a sale, reports Reuters, citing comments from the company's CFO. Reference Link
Aerospace sector downgraded to Neutral from Attractive at Goldman Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.