American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Boeing is in talks to reacquire fuselage maker Spirit Aerosystems after spate of quality defects

by admin March 5, 2024
March 5, 2024
Boeing is in talks to reacquire fuselage maker Spirit Aerosystems after spate of quality defects

Boeing is in talks to buy back Spirit Aerosystems, which makes fuselages for Boeing’s 737 Max jets, according to a person familiar with the matter, as both companies scramble to stamp out manufacturing flaws on the top-selling plane.

Shares of Spirit were up 13% as of early afternoon on Friday, while shares of Boeing were down about 1%. Spirit Aerosystems had a market capitalization of $3.3 billion as of Thursday’s close.

“We do not comment on market speculation,” a spokesperson for Spirit Aerosystems told CNBC. Boeing also declined to comment.

Boeing in 2005 spun off operations in Kansas and Oklahoma that became the present-day Spirit Aerosystems. About 70% of Spirit’s revenue last year came from Boeing, and about a quarter comes from making parts for Boeing’s main rival, Airbus.

The repurchase talks were first reported by the Wall Street Journal.

It comes less than two months after a section of a Boeing 737 Max 9 plane blew out during an Alaska Airlines flight. The Federal Aviation Administration temporarily grounded all of the planes in January, leading to investigations into the accident and Boeing’s production lines.

It was the latest and most serious in a host of flaws on the Boeing 737 Max, Boeing’s best-selling jet.

The bolts on the door plug of the Max involved in the January accident appeared not to have been attached when it left Boeing’s Renton, Washington, factory, according to a preliminary report from the National Transportation Safety Board.

Boeing has disclosed several production problems and quality flaws on the fuselages that Spirit makes, including incorrectly drilled holes and incorrect spacing on some fuselage components, problems that slowed deliveries of new jets to airlines.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
7 celebrities that are younger than President Biden
next post
Bitcoin approaches new all-time high after surpassing $65,000

Related Posts

Instagram launches ‘teen account’ with enhanced parental supervision...

September 18, 2024

Highs today, higher tomorrow? UBS sees AI adoption...

June 26, 2025

Trump’s plan to ramp up US gas exports...

November 26, 2024

Skydance bid for Paramount hinges on Shari Redstone...

May 5, 2024

US stocks could still rally 20% in the...

May 31, 2025

Tesla stock price is crashing: Best 3 EV...

March 5, 2025

Microsoft’s new AI chip delayed to 2026: report

June 28, 2025

Short US30: bearish momentum strengthens as trade war...

April 3, 2025

Tesco share price megaphone pattern points to a...

April 16, 2025

Tilray Brands stock price has crashed: time to...

December 16, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Bulgaria plans for continuous oil supply for Lukoil-owned refinery after US sanctions

      October 26, 2025
    • Apple Q4 earnings preview: here’s what to expect

      October 26, 2025
    • France’s offshore wind ambitions stalled by political turmoil

      October 26, 2025
    • Europe bulletin: Zelensky calls for more weapons, Russia warns against EU sanctions

      October 26, 2025
    • US digest: Jeffries endorses Mamdani, Ford’s stock surge, US sanctions Colombian president

      October 26, 2025

    Categories

    • Business (4,373)
    • Investing (3,014)
    • Latest News (2,103)
    • Politics (1,541)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved