SMN 0.00% 42.0¢ structural monitoring systems plc

FAA demands more meaningful changes, page-2

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    " Boeing is reportedly in talks to buy Spirit AeroSystems, its key supplier on the troubled 737 MaxAP - [1 March 2024]"

    "DALLAS (AP) — Boeing is in talks to buy Spirit AeroSystems, which builds fuselages for Boeing 737 Max jetliners, including the one that suffered a door-panel blowout in January, according to a person knowledgeable about the discussions.The timing of a deal — or whether the two sides even reach a final agreement — is uncertain, according to the person, who spoke about the private talks on condition of anonymity.

    The timing of a deal — or whether the two sides even reach a final agreement — is uncertain, according to the person, who spoke about the private talks on condition of anonymity.
    The Wall Street Journal first reported the talks. The newspaper said Friday that Spirit hired bankers to consider strategic options and has held preliminary discussions about a sale back to Boeing, its former owner.

    Boeing and Spirit AeroSystems declined to comment.
    Shares of Spirit jumped 15% in afternoon trading.
    A deal could help Boeing respond to critics who have blamed the company's manufacturing problems in large part on outsourcing key work to Spirit and other suppliers.

    Boeing spun off Spirit in 2005 as part of a strategy to outsource the supply chain for its commercial planes. In recent years, quality problems have mounted at Spirit, including fuselage panels that didn't fit together precisely enough and holes that were improperly drilled. Those and other flaws held up deliveries of Boeing 737s and 787s...."





 
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