(Reuters) - British engineering firm Senior Plc (L:SNR) said on Monday it has been reviewing options for its aerostructures business, including a potential sale.
The news follows a Bloomberg report that said the company was reaching out to buyout funds and aerospace firms for the division and may seek at least 450 million pounds.
Senior, which makes a wide variety of components used in commercial jets and counts Boeing Co (N:BA) as one of its top customers, in August posted a 16% drop in first-half profit as margins in its aerospace unit were hit by Boeing's production cut of its best-selling 737 MAX planes.