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. Because of incomplete...
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 says. Tailfin...
UPDATE – Boeing reiterates its delivery targets of 400 to 450 737s and MAX aircraft for this year, despite the latest quality issue with fittings of the vertical tail fin. Inspections and rework on aircraft in production and inventory “will impact the timing of...
More bad news for Boeing: just days after reports emerged that the airframer wants to ramp up the production of the MAX to 38 per month from mid-year, Boeing actually will have to slow down deliveries. A production quality issue on two fittings of the vertical tail...
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