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Manufacturing Flaws

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Boeing Considers Reacquiring Spirit AeroSystems Amid Quality Concerns

Boeing is reportedly in talks to repurchase Spirit Aerosystems, the fuselage maker for its 737 Max jets, as both companies work to address manufacturing defects. This comes after a section of a Boeing 737 Max 9 plane blew out during a flight, leading to investigations and the temporary grounding of the planes. Spirit Aerosystems had a market capitalization of $3.3 billion as of Thursday’s close, and about 70% of its revenue last year came from Boeing. Boeing and Spirit Aerosystems declined to comment on the acquisition talks.

via NBC News|

#737-max #acquisition-talks #boeing

business-aviation1 year ago•1 min saved

Boeing Considers Acquisition of Spirit AeroSystems

Shares of Spirit Aerosystems surged after reports of Boeing being in talks to acquire the company, as both companies work to address manufacturing flaws on the 737 Max jets. Spirit, a major supplier to Boeing, has hired bankers to explore options and had early talks with Boeing, while Boeing declined to comment. The potential acquisition comes amid ongoing investigations into production problems and quality flaws on the 737 Max, including a recent incident involving a section of a plane blowing out during a flight.

via CNBC|

#737-max #acquisition #boeing