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Spirit assembles most of the 737 Max plane’s fuselage in Wichita before shipping them by rail to Boeing’s factory in Renton, Washington, for final assembly of the aircraft.
Wichita plant as seen in 2005, just before Spirit Aerosystems took control. Spirit was originally formed as Mid-Western Aircraft Systems when Boeing sold its Wichita factory along with facilities in Tulsa and McAlester to the investment firm Onex Corporation in June 2005 for US$900 million in cash and the assumption of $300 million in debt, a total of $1.2 billion in enterprise value.
The Boeing acquisition is important since Kansas-based Spirit Aero has said it has total financial liquidity of just $890 million but expects to burn $650 million to $700 million in free cash ...
Spirit projected in the filing a write-off of more than $100 million for losses in the third quarter on the Boeing 787 and Airbus A350 jet programs, citing higher supply chain and labor costs.
Boeing said Friday that it is in “preliminary discussions” to buy Spirit AeroSystems, which builds fuselages for Boeing 737 Max jetliners, including the one that suffered a door-panel blowout ...
Spirit Aero is also weighing some asset sales, such as U.S. defense composites maker Fiber Materials, a fourth source said. The supplier said in January 2020 it acquired FMI for $120 million.
The Aero Ae270 Spirit was a single-engine turboprop general utility aircraft that was developed by the Czech aircraft company Aero Vodochody. A prototype made its maiden flight in 2000, with European Aviation Safety Agency (EASA) Type Certification in 2005 and Federal Aviation Administration (FAA) type certification in 2006. [ 1 ]
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the ...