David Ryder | Bloomberg | Getty Images
A Boeing Co. 737 MAX 9 jetliner sits on the production floor at the company’s manufacturing facility in Renton, Washington, U.S., on Monday, Feb. 13, 2017.
Boeing is in talks to buy aircraft and industrial parts maker Woodward, The Wall Street Journal reported on Thursday.
The companies have engaged in talks over the last several months but there is no guarantee a deal could come through, the Journal reported.
Shares of Woodward rose 7 percent on Thursday morning. The Fort Collins, Colorado-based company had a market value of $4.7 billion as of Wednesday.
Neither Boeing nor Woodward immediately responded to Reuters’ requests for comment.