UPDATE – In the worst scenario, the eleven-day strike at Spirit AeroSystems in June and July could impact 737 P-8A and MAX fuselage deliveries to Boeing by between twenty and fifty shipsets this year. Spirit has revised its guidance for…
A number of shareholders have filed a lawsuit against Spirit AeroSystems. In a filing by The Klein Law Firm, they allege Spirit of violating Federal securities laws in relation to the tailfin fitting quality issue of the Boeing 737 MAX.…
Spirit AeroSystems expects the Boeing 737/MAX tailfin production issue to have at least a $31 million impact on the full-year gross profit. Of this, the Tier 1-supplier incurred $17 million in its Q1 results, but additional costs are likely, the company…
Spirit AeroSystems has started preparing for higher production rates of the Boeing 737/MAX and Airbus A320neo family programs. It is working towards a rate 42 per month in October for the 737/MAX, although Boeing currently keeps its own production at…
Tier-1 supplier Spirit AeroSystems is to initiate a cost reduction program to reduce structural costs and improve profitability and cash flow in 2023. It says it needs to as production rates of the Boeing 737/MAX remain around 31 per month, Spirit…
UPDATE – Doubling the number of 737/MAX deliveries to Boeing helped Spirit AeroSystems to push revenues up by 26-28 percent in Q2 and HY1 respectively. The Tier 1 supplier is expecting a slower increase in production rates for the coming…