Shareholders of Spirit AeroSystems voted on January 31, 2025, to approve the company's acquisition by Boeing.The transaction was announced in July last year, when Spirit entered into a definitive merg...
With Boeing factory workers rejecting a pay offer from the OEM and opting instead for strike action, Boeing may move closer to the workers' initial demands, an analyst said. Some 96% of Seattle- and P...
Spirit AeroSystems - the American aerostructures manufacturer recently reacquired by Boeing - posted a net loss of $415 million in the second quarter of 2024, doubling from last year's second quarter ...
Pay is likely to be a headwind for Boeing over the next few years as it reintegrates Spirit AeroSystems and labour negotiations push for higher wages, senior analysts from a Bloomberg Intelligence rep...
Boeing has reacquired its former subsidiary and current fuselage supplier Spirit AeroSystems. The merger is an all-paper deal with an equity value of around $4.7bn, or $37.25 per share, which represen...
Boeing's buyback of its former subsidiary and current fuselage supplier Spirit AeroSystems is nearing completion, according to a report from Reuters citing industry sources familiar with the matter. ...
Spirit AeroSystems chief financial officer and senior vice president Mark Suchinski has stepped down from his role on June 5, 2024. He has served in the role since 2020. ""Mark Suchinski has been a...
Spirit AeroSystems has booked a $617 million net loss for the first quarter of 2024 on a 19% lift in revenues to $1.703bn. Revenue was driven by higher production activities on commercial programmes a...
The Federal Aviation Administration (FAA) has ""found multiple instances"" where both Boeing and Spirit Aerosystems have allegedly failed to comply with quality control requirements for its manufactur...
Both Boeing and Spirit Aerosystems have confirmed they are in preliminary discussions to potentially reintegrate Spirit AeroSystems as part of Boeing again. ""We believe that the reintegration of B...
Spirit AeroSystems has appointed Jane Chappell to the company’s Board of Directors, effective immediately, where she will serve on the corporate governance and nominating committee and the risk commit...
Spirit AeroSystems intends to integrate automation into its production line, the manufacturer confirmed in its Q4 2023 earnings call, as it detailed the actions it is taking to address human factors, ...
We're Social