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In late October, Reuters first revealed a decision by the supplier to temporarily furlough 700 employees, who produce parts for Boeing's 767 and 777 jets, due to space constraints.
Under Onex ownership, Spirit's mandate was to build a portfolio of business with customers other than Boeing. In January 31, 2006, BAE Systems announced it had agreed to sell its aerostructures business, based at Glasgow Prestwick Airport and Samlesbury Aerodrome, to Spirit. [9] The unit is a major supplier to Airbus (80%), Boeing (15%) and ...
Spirit AeroSystems, the troubled Boeing supplier which builds fuselages and other parts for the company, reported its first adjusted quarterly profit since the start of 2022, helped by increased ...
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 ...
Boeing said it continues "to work closely with our valued supplier to stabilize our production system and help us deliver for our customers." Shares of Spirit, which must repay the $350 million in ...
Boeing Defense, Space & Security (BDS) is a division of The Boeing Company based in Arlington, Virginia, near Washington, D.C. The division builds military airplanes , rotorcraft , and missiles , as well as space systems for both commercial and military customers, including satellites , spacecraft , and rockets .
Boeing said it would provide $100 million for Spirit to retool its factory and adjust prices to give the supplier another $455 million over two years. Boeing has its own manufacturing problems.
A strike by about 33,000 Boeing workers in the Pacific Northwest that started Sept. 13 halted production of those planes and Boeing 737 Max jets. Boeing faces a new FAA review as a key supplier ...