Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Business

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

by 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
Galloper Gold: At the Forefront of Newfoundland’s ‘Gold Rush’
next post
Bitcoin approaches new all-time high after surpassing $65,000

Related Posts

A key to Biden’s lagging wind energy goal...

July 1, 2024

Macy’s to cut more than 2,300 jobs and...

January 23, 2024

Stellantis aims to correct ‘arrogant’ mistakes in U.S....

June 17, 2024

UAW’s Tennessee win fuels backers’ hopes in the...

April 26, 2024

5 new Uber features you should know —...

May 15, 2025

Alaska Airlines to buy Hawaiian Airlines in $1.9...

December 4, 2023

A government shutdown could really stress out the...

September 29, 2023

Rules for repaying Social Security benefits are about...

March 11, 2025

Southwest cuts growth plans, warning effect of Boeing...

April 26, 2024

Musk says he’s sending Starlink tech to FAA...

March 3, 2025

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,053)
    • Investing (2,079)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,387)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.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 thriftybanker.com | All Rights Reserved