Bombardier Affirms Quality And Performance Of Aerostructures Produced By Spirit Aerosystems
(RTTNews) - Bombardier, Inc. (BBD-B.TO) announced Tuesday it expects its supply contracts to be maintained to the highest standards of quality and performance.
The company remains actively engaged with Spirit AeroSystems Holdings Inc. (SPR) as part of ordinary course of business under existing contracts.
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Spirit Aero Stock Up As Boeing To Buy Majority Stake, Airbus Select Assets
Aerospace and defence major Boeing Co. has agreed to buy majority of its key supplier Spirit AeroSystems in an all-stock deal at an equity value of around $4.7 billion, or $37.25 per share. The total transaction value is around $8.3 billion, including Spirit's last reported net debt. Boeing's acquisition will include substantially all Boeing-related commercial operations...
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123 days ago
Spirit Aero Stock Dips On Reports Of Boeing Changing Terms Of Acquisition Offer
Spirit AeroSystems shares were losing more than 5 percent in morning trade on the NYSE after Bloomberg reported that Boeing Co. changed the acquisition terms to stock offer from cash offer. Boeing has now offered to buy its key supplier Spirit AeroSystems Holdings Inc. for about $35 per share in a mostly stock deal, Bloomberg reported citing people familiar with the matter.
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129 days ago
FAA's Boeing, Spirit Audit Finds Multiple Quality Issues, Hits 737 MAX Production
The Federal Aviation Administration or FAA announced that its production audit of Boeing Co. and Spirit AeroSystems, following the January 5 incident involving a new, Boeing 737-9 MAX aircraft, identified multiple quality control lapses. The FAA has halted production expansion of the Boeing 737 MAX with a view to holding Boeing accountable for its production quality issues.
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241 days ago
Spirit AeroSystems Inks Deal With Boeing To Support Production Stability
Spirit AeroSystems, Holdings Inc. (SPR) announced Wednesday that its subsidiary, Spirit AeroSystems Inc., entered into a Memorandum of Agreement (MoA) with The Boeing Co. (BA).
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380 days ago
Spirit AeroSystems To Suspend Factory Operations; Stock Down 9%
Aerostructure manufacturer Spirit AeroSystems Holdings, Inc. (SPR) announced on Thursday that it will suspend factory operations prior to contract expiry.
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498 days ago
Boeing 737 Max Production And Deliveries To Hit By Parts Issue; Stock Down
Boeing Co. has warned that production and deliveries of 737 Max, its best-selling planes, will be reduced in the near term due to issues with parts supplied by Spirit AeroSystems, reports said. The problem comes at a time when the airlines worldwide are experiencing a rebound in operations amid the peak travel season. The expected pause in production, amid an industry-wide shortage of new jets...
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567 days ago
U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year
A report released by the Institute for Supply Management on Friday showed U.S. manufacturing activity unexpectedly contracted at a modestly faster rate in the month of October. The ISM said its manufacturing PMI fell to 46.5 in October from 47.2 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 47.6.
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4h 15min ago
CPSC Recalls: Polaris ROVs, Floating Wall Theaters, Charge Case Accessory, Backpack Sprayers
The U.S. Consumer Product safety Commission or CPSC has announced recalls including Polaris Industries Inc.'s Ranger XP Kinetic Recreational Off-Road Vehicles or ROVs, Manhattan Comfort Inc.'s Floating Wall Theater Entertainment Centers and Panels, Humane Inc.'s Charge Case Accessory for Ai Pin, Harbor Freight Tools' Bauer 4-Gallon Battery-Powered Backpack Sprayers, ...
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4h 22min ago
