Spirit AeroSystems—the primary supplier to Boeing including for much of the 737 MAX and which does substantial defense industry work—warned Wall Street on April 14 it will record a roughly $160 million loss for the recently ended first quarter of 2020, as well as a pretax loss of around $102 million.
Boeing’s suspension of aircraft production at its major Puget Sound and Moses Lake, Washington, campuses has been extended “until further notice,” the OEM said April 5.
WICHITA—Spirit AeroSystems missed 2019 fourth quarter profit expectations, marred by production cuts on the Boeing 737 MAX and a loss on the 787 widebody jet pr
Boeing on Jan. 6 provided more details on how the 737 MAX production pause will progress, while major program supplier Spirit AeroSystems said it will begin accepting “voluntary” layoffs.
Spirit AeroSystems, the leading supplier of 737 aerostructures to Boeing, announced Dec. 20 that it will stop producing new 737 aerostructures and halt deliveries to its OEM customer on Jan. 1, 2020.
